Northern Star is about halfway through restoring Pogo as a Tier 1 gold producer, with an update on its broader plans for the mine and regional exploration upside to land in September. It is what Northern Star does, and does well.
Bullion’s romp beyond the record $2000 an ounce level in Aussie dollar terms has prompted investors to take a closer look at the pantheon of ASX-listed local gold producers – despite some problems in the mid-tier that have tarnished the sector.
I know this is the fifth time I am writing about gold but with the precious metal surging to fresh new multi-year highs I need to stress to readers the enormous opportunity that is being presented to investors.
The June quarter gold production was very strong but FY19 guidance has materially disappointed Credit Suisse. Guidance is for 600-640,000 ounces, with the Jubilee addition delivering only an implied 0-40,000 ounces. The broker requires an explanation.