Northern Star Resources Ltd
ASX:NST

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Northern Star Resources Ltd Logo
Northern Star Resources Ltd
ASX:NST
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Price: 26.33 AUD 0.92% Market Closed
Market Cap: 37.7B AUD

Northern Star Resources Ltd
Investor Relations

Northern Star Resources Ltd., a prominent player in the gold mining industry, embarked on its journey from humble beginnings in 2003, evolving into one of Australia's largest gold producers. The company's strategic vision and adept management have facilitated its growth through a combination of organic expansion and well-calculated acquisitions, such as the highly significant purchase of the Jundee and Kalgoorlie operations. This approach allowed Northern Star to bolster its production capabilities and resource base, positioning itself as a leader in the gold mining sector. The backbone of its operations lies in extracting gold from its carefully managed and environmentally conscious mining projects spread across prolific mining regions in Australia and North America.

At the heart of Northern Star's business model is its commitment to efficient and sustainable gold production. The company harnesses advanced mining technologies and methodologies, which optimize ore recovery and ensure cost-effective operations. By strategically reinvesting profits into exploration and development, Northern Star continually rejuvenates its resource pipeline, securing its future production potential. In addition to mining, the company benefits from vertical integration through its ownership of processing facilities, allowing it to refine and sell high-purity gold products directly to the market. This end-to-end production capability not only enhances Northern Star's margins but also strengthens its resilience against market volatility, anchoring its reputation as a robust and forward-thinking enterprise in the global mining industry.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Oct 22, 2025
AI Summary
Q1 2026

Gold Sales & Costs: Northern Star sold 381,000 ounces of gold at an all-in sustaining cost of AUD 2,522 per ounce, with costs coming in better than forecast and below market expectations.

Full-Year Guidance Affirmed: The company reaffirmed its full-year production guidance of 1.7–1.8 million ounces at an all-in sustaining cost of AUD 2,300–2,700 per ounce, despite some operational disruptions expected to defer up to 20,000 ounces into future quarters.

KCGM Expansion On Track: The KCGM mill expansion remains on schedule for commissioning in early FY27, with ministerial approval received for key projects and strong progress in development.

Strong Balance Sheet: Net cash position stands at AUD 616 million, with cash and bullion totaling AUD 1.5 billion, and ongoing investment in growth projects.

Production Drivers: Ramping up access to higher-grade ore at KCGM and Thunderbox, expected to drive stronger output and grades in the second half, with key projects running ahead of schedule.

Cost Control: Management emphasized strict capital discipline, sustainable cost reductions, and operational efficiencies, with the strongest quarterly production and cash flow growth anticipated in the June quarter.

Key Financials
Gold Sold
381,000 ounces
All-in Sustaining Cost
AUD 2,522 per ounce
Net Cash Position
AUD 616 million
Cash and Bullion
AUD 1.5 billion
Group Underlying Free Cash Flow
AUD 14 million
Operational Cash Flow
AUD 751 million
Dividend Paid
AUD 416 million
Tax Installments Paid
AUD 67 million
KCGM Mill Expansion Capex (Quarter)
AUD 196 million
KCGM Underground Ore Volume Run Rate
2.9 million tonnes per annum
KCGM Mill Annualized Run Rate
11.6 million tonnes per annum
Thunderbox Milling Throughput Annualized
6.7 million tonnes per annum
Jundee Gold Sales
55,000 ounces
Pogo Underground and Mill Run Rate
1.4 million tonnes per annum
Pogo Mill Recovery
87%
Mine Development
1,664 meters per month
Hedged Gold
1.275 million ounces at average price just over AUD 3,300 per ounce
Earnings Call Recording
Other Earnings Calls

Management

Mr. Ryan P. Gurner ACA, B.Com., B.Comm, B.Sc.
Chief Financial Officer
No Bio Available
Mr. Simon A. Jessop
Chief Operating Officer
No Bio Available
Mr. Steven Paul McClare
Chief Technical Officer
No Bio Available
Ms. Sophie Spartalis
General Manager of Investor Relations
No Bio Available
Ms. Marianne Dravnieks
Executive Manager of People & Culture
No Bio Available
Mr. Michael Geoffrey Mulroney BAppSc Geol., M.B.A., MAusIMM
Chief Development Officer
No Bio Available
Mr. Daniel Howe
Chief Geological Officer
No Bio Available
Ms. Sarah Reilly B.A., L.L.B.
Senior Legal Counsel & Joint Company Secretary
No Bio Available

Contacts

Address
WESTERN AUSTRALIA
Subiaco
The Colonnade Corporate Centre, L 1 388 Hay St
Contacts
+61861882100.0
www.nsrltd.com