Should I buy De Grey Mining stock in 2025?

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At HelloSafe, our expert has been tracking the performance of De Grey Mining for over three years. Every month, hundreds of thousands of users in Australia trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by De Grey Mining.

De Grey Mining

How much is De Grey Mining stock?

The price of De Grey Mining stock is stable this week. The last quoted share price was 2.46 AUD before trading was suspended in April 2025, following its acquisition by Northern Star Resources. At delisting, the market capitalisation stood at approximately 5.9 billion AUD. The 3-month average volume prior to suspension reflected strong liquidity, while the P/E ratio was not applicable, and the stock paid no dividend. With sector-leading project momentum and historical high volatility, the investment case now shifts to Northern Star Resources for ongoing gold exposure.

Our full analysis of the De Grey Mining stock

We have reviewed De Grey Mining’s latest financial results and tracked the stock’s remarkable evolution over the past three years. Integrating financial indicators, technical signals, market data, and competitor dynamics through proprietary algorithms, we deliver a holistic perspective on the company’s prospects. So, why might De Grey Mining stock once again become a strategic entry point into Australia’s dynamic mining sector in 2025?

Recent performance and market context

De Grey Mining’s journey through 2022–2025 stands out as one of the ASX’s most prosperous resource sector growth stories. The stock delivered an +87% annual performance prior to its acquisition, with its final price at 2.46 AUD before suspension in April 2025. Gains of over 71% followed the pivotal acquisition announcement by Northern Star Resources in December 2024, setting the company firmly in the spotlight. These exceptional returns are explained by the development momentum of the Hemi gold project—now recognised as one of the most significant Australian gold discoveries of the decade. The broader macroeconomic context, with gold prices surpassing 5,000 AUD/oz in 2025 and robust demand for Australian gold, further amplified De Grey Mining’s appeal to both institutions and retail investors.

Technical analysis

While De Grey Mining is now delisted following the Northern Star transaction, analysis of its final trading months highlights key signals of strength and strategic entry opportunities that informed those who participated. Momentum remained positive well into early 2025, with the trading range climbing from 1.52 AUD at announcement to 2.61 AUD at its peak—a classic “buy the catalyst” scenario. Technical indicators such as RSI and MACD in early 2025 reflected strong but not overbought conditions, while moving averages provided ongoing support. The tight, rational price action toward 2.46 AUD before the trading halt illustrated the market’s confidence in the acquisition’s fairness and De Grey Mining’s underlying asset value.

Support levels at 2.08 AUD (the effective acquisition price) and the breakout above 2.40 AUD provided robust entry points with measurable risk, while the absence of a meaningful resistance highlighted strong institutional demand. The sustained uptrend, comfortable above key moving averages, signalled a clear bullish structure ideal for proactive investors.

Fundamental analysis

Fundamentally, De Grey Mining’s appeal was grounded in its world-class Hemi gold project in the Pilbara region. With 6 million ounces of gold resources, the company offered investors a chance to participate in the largest new gold development in Australia. The project’s economics were compelling—an initial production estimate of 817,000 ounces per annum, two-year payback (at 2,700 AUD/oz), and low-cost development relative to both its size and grade.

De Grey Mining’s return to profitability in late 2024 (3.66 million AUD net profit for the half) marked a pivotal validation for investors monitoring early-stage mining plays. While traditional valuation metrics like P/E and PEG were not meaningful given the pre-production status, the clear and rapid progression to the acquisition price provided a powerful re-rating catalyst. The company’s ability to attract a 5-billion-AUD bid from Northern Star speaks to the unique quality, scale, and strategic relevance of its Pilbara asset.

• 100% ownership of the Hemi project, ensuring direct leverage to gold upside.
• Near-port location (85 km from Port Hedland) facilitating export and reducing logistical risk.
• Experienced management, with robust governance under Glenn Jardine, and backing from major resource sector shareholders.
• Innovation in exploration and rapid resource delineation, leading peers in greenfield discovery success.

Volume and liquidity

Trading volumes were robust throughout the acquisition period, culminating in increased liquidity and tight bid-ask spreads. The 5.9-billion-AUD market capitalisation at delisting reflected rapid institutional participation and confidence in both current value and future potential. Sustained high volume was a sign of market belief in execution and realisable value, critical in the resource sector’s risk/reward calculus.

The stock’s sizable free float ensured a dynamic valuation process and gave investors at all levels timely access. Institutional accumulation in the lead-up to the acquisition endorsed De Grey Mining’s investment case, underpinning price stability and minimising speculative excess.

Catalysts and positive outlook

• The discovery and systematic development of the Hemi gold deposit, which transformed the resource landscape of Western Australia and attracted significant M&A attention.
• Ongoing high-grade exploration results, confirming both resource scale and upside.
• A project development plan that balanced fast-tracked production with scalable expansion opportunities.
• Favourable gold market conditions globally, with record spot prices and sustained central bank and investor interest in gold as a hedge.
• The strategic acquisition by Northern Star Resources, which provided liquidity, derisked execution, and delivered a clear pathway for Hemi’s full realisation under a leading ASX-listed operator.

Additionally, ESG enhancements—such as minimal environmental footprint and substantial job creation (over 900 construction, 600 operations)—bolstered the attractiveness to modern institutional investors.

Investment strategies

For short-term traders, buying during the post-announcement rally presented clear, momentum-driven gains. Those entering near technical support (just above the 2.00 AUD formal offer conversion) captured upside securely, anchored by a visible corporate action catalyst. The final trading period saw reduced risk thanks to arbitrage-like pricing, offering opportunities to capture the remainder of the institutional acquisition premium.

Medium-term investors were rewarded for holding through the resource definition and project de-risking phase, as steady exploration news and economic studies confirmed increasing intrinsic project value. The stock’s strong alignment with macro gold sector moves amplified returns, aligning share price momentum with broader commodity cycles.

Long-term investors benefited most, as those backing De Grey Mining through its discovery, resource expansion, and early feasibility work saw exceptional share price appreciation. The company’s strategic positioning in an increasingly consolidation-prone gold sector, combined with world-class assets, demonstrates the rewards available to patient capital in the Australian mining context.

Is it the right time to buy De Grey Mining?

While De Grey Mining has been acquired and is no longer available for direct ASX investment, its legacy remains instructive for investors seeking the next great Australian mining success story. The vital ingredients—breakthrough asset, first-mover advantage, strong management, robust capital market access, and clear M&A visibility—combined to create a textbook outperformance scenario. Its spectacular ascent and successful transition into Northern Star’s portfolio highlight the ability of high-quality exploration and development projects to unlock value, even in competitive and volatile markets.

For investors, exposure to Hemi is now only accessible through Northern Star Resources shares, but the blueprint delivered by De Grey Mining remains a valuable guide for identifying the next high-growth opportunity. Tracking gold sector M&A, project quality, and early signals of operational excellence can uncover companies at the cusp of major re-ratings. Above all, De Grey Mining’s journey underscores the power of visionary resource development and strategic agility—a compelling case study as Australia advances its standing as a global resource powerhouse.

De Grey Mining’s performance serves as an enduring benchmark for the risk-tolerant investor seeking value creation in resource equities. With strong fundamentals, exceptional project economics, and a positive long-term sector context, the story demonstrates that the right timing, conviction, and analytical discipline can deliver extraordinary outcomes.

How to buy De Grey Mining stock in Australia

Buying De Grey Mining stock online is simple and secure when you use a regulated Australian broker. Investors can choose between two main ways to invest: spot buying, which involves direct share ownership, or trading Contracts for Difference (CFDs) for leveraged exposure. Both options allow fast execution and transparent fees. For help choosing the best provider, see the broker comparison further down the page.

Spot buying

A cash purchase of De Grey Mining stock means buying real shares listed on the ASX, which are then held in your trading account in your name. Most online brokers in Australia charge a fixed commission per order, typically around $5–10 AUD.

Gain scenario

For example, if the De Grey Mining share price is $2.46 AUD, you can buy around 406 shares with a $1,000 stake, including a brokerage fee of about $5. If the share price rises by 10%, your shares are now worth $1,100. Result: +$100 gross gain, or +10% on your investment.

Trading via CFD

CFD trading on De Grey Mining lets you speculate on price movements without owning the underlying shares. Fees are typically based on the spread (the difference between buy and sell prices) and may include overnight financing costs if you hold your position for more than one day.

Gain scenario

For example, you open a CFD position on De Grey Mining shares with 5x leverage, using a $1,000 stake.

This gives you market exposure of $5,000.

If the stock rises by 8%, your position gains 8% × 5 = 40%.

Result: +$400 gain on a $1,000 position (excluding fees).

Final advice

Before you invest, always compare brokers’ fees and the terms of trading, as these can impact your returns. The best method for you depends on your financial goals, appetite for risk, and preferred investment horizon—make sure to check the comparison tool below for support in your selection.

Our 7 tips for buying De Grey Mining stock

The latest news about De Grey Mining

De Grey Mining was officially delisted from the ASX on 6 May 2025 following a successful acquisition. Northern Star Resources Limited completed the $5 billion transaction, with De Grey shareholders receiving 0.119 Northern Star shares for each De Grey Mining share, marking a major consolidation in the Australian gold sector.

Shareholder approval for the acquisition reached an overwhelming 99.64%, supporting sector confidence and strategic vision. Australian investors responded positively, as this move integrated De Grey's world-class Hemi project with Northern Star's established operations, leveraging synergies and regional leadership in gold production.

Hemi gold discovery remains one of the most significant recent gold finds in Australia. The project, located in Western Australia's Pilbara region, is estimated to contain 6 million ounces of gold, with strong infrastructure proximity and substantial employment opportunities for the local community, underpinning positive regional economic impacts.

De Grey Mining’s share price saw an 87% gain over the year prior to delisting, reflecting robust interest. This performance, buoyed by sustained high gold prices and the acquisition premium, signalled investor enthusiasm and confidence in the value of the Hemi asset.

The completed acquisition allows Australian investors continued gold exposure through Northern Star, a leading domestic producer. Tax structures, portfolio eligibility (including SMSFs), and continuity of exposure to major Pilbara gold production remain accessible for Australian investors within an established and reputable ASX-listed gold company.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.