Northern Star Resources, an Australian gold mining company, has announced its acquisition of rival De Grey Mining in a deal valued at $3.2 billion. This all-share transaction reflects ongoing consolidation in the gold mining sector, driven by rising gold prices. The acquisition marks a significant move for Northern Star, which has been actively pursuing growth opportunities in the competitive mining landscape. The deal follows a period of substantial returns for early investors in De Grey, which made a notable gold discovery in 2019. The acquisition is seen as a strategic step for Northern Star as it seeks to enhance its portfolio amid a favorable market environment.