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.
Read MoreAlthough strong, the June quarter production missed guidance on expectations. Morgan Stanley suspects guidance, in the first place, was too high.
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After a bit of a wobble in the March quarter, Northern Star Resource’s Pogo purchase in Alaska paid off in the three months to June, helping push group gold sales for 2018-19 to record levels.
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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.
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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.
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Gold miner Northern Star Resources had a less-than-stellar March quarter, largely because of delays to the arrival of new mining equipment at Pogo.
Read MoreMarch quarter production was weaker than Credit Suisse expected. Cost guidance has been lifted to $1225-1275/oz. The company has confirmed production of 850-900,000 ounces in FY19.
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Northern Star Resources took a hit on Wednesday after the growing gold miner announced disappointing first quarter production results, thanks largely by weakness at its Pogo operation in Alaska.
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Two contrasting results from two of the country’s major medium level gold miners – Northern Star Resources and Evolution Mining.
Read MoreNorthern Star shares have sold off after investors took a set against the contents of the company’s December quarter and half year production and operations report.
Read MoreTwo bits of interesting news in updates from the gold sector – WA explorer, Dacian Gold thinks it has a goer in its Cameron Well discovery at its Mt Morgans gold mine near Laverton, and Northern Star Resources has upgraded the size and quality of the gold reserves at the Pogo mine in Alaska it bought a couple of months ago.
Read MoreShares in gold miner, Northern Star Resources surged more than 16% yesterday after they came out of a trading halt after raising $175 million from major shareholders to help fund a big gold mine deal in Alaska.
Read MoreNorthern Star Resources has bought its second gold mine this year – this time spending close to $A400 million buying the Pogo underground gold mine in Alaska – north America’s 8th largest mine.
Read MoreCredit Suisse suggests the growth in resources to 15.9m ounces is solid. Measured and indicated resources imply a potential 14-year mine life, five years more than the broker models.
Read MoreThe 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.
Read MoreNorthern Star Resources is looking at a solid boost to 2018-19 production guidance after topping its 2017-18 guidance quite easily.
Read MoreWA gold miner, Northern Star Resources says it has hit its production rate target of 600,000 ounces (oz) of gold a year.
Read MoreNorthern Star Resources says it has hit its 600,000 ounce a year production target as it expects to produce more than 150,000 ounces (ozs) of gold in the three months to June 30.
Read MoreGold miner Northern Star ((NST)) has moved to address a shortage of mill capacity, advancing the consolidation of its Kalgoorlie operations in Western Australia. Mid 2017 the company outlined plans to deliver around 300,000 ozs per annum from Kalgoorlie but did not have the mill capacity to meet this target at the time.
Read MoreNorthern Star Resources will use a small part of its huge cash pile to buy a small gold mine in the Kalgoorlie area to flesh out its production and exploration effort.
Read MoreAlong with its first half results, Northern Star ((NST)) provided a significant update on its exploration, particularly around Jundee. The company has reported very high-grade intersections in extension and probe drilling over narrow widths. While these cannot be mined, they are considered a useful signal of the potential.
Read MoreGold miner, Northern Star has revealed a significant upgrade to its estimated gold reserves around its Jundee mine in Western Australia to the point where the company may have found a major new gold province.
Read MoreFY17 net profit was below Deutsche Bank’s expectations because of higher corporate costs. Free cash flow was in line.
Read MoreThe resource sector continues to yield solid to outstanding June 30 reports.
Read MoreDiggers & Dealers kicks off in Kalgoorlie next week with the biggest roll up in five years expected. The 2000-plus mining and finance types due to rock up are doing so with the hope of divining something they did not already know, thrown in with a liberal dose of bonhomie.
Read MoreNorthern Star’s June Q production came in 25% ahead of Deutsche Bank thanks to an excellent quarter at Jundee featuring a 50% grade increase. The FY17 result will come in at the top end of guidance.
Read MoreAustralia’s second biggest gold miner, Northern Star (NST) is maintaining interim dividend at 3 cents a share despite reporting an impressive looking 61% jump in net profit for the December half year.
Read MoreMorgan Stanley is adding the stock to its preferred list of miners. After applying updated commodity prices and operational data Morgan Stanley’s FY17 estimate for earnings per share is down -27%. Nevertheless, FY18 and FY19 are changed to be up 3% and down -8% respectively.
Read MoreMacquarie continues to favour nickel and gold in metals and upgrades Northern Star to Outperform from Neutral on the back of recent share price weakness.
Read MoreNorthern Star will increase its board to six from four, adding more skills and depth with In’t Veld and David Flanagan. Managing director Bill Beament has been appointed executive chairman and chief operating officer, Stuart Tonkin, has been appointed CEO.
Read MoreGold miner Northern Star Resources (NST) has lifted final dividend by 33% after a 60% boost to full year earnings as it rode the gold price revival very nicely in 2015-16.
Read MoreJune quarter production, while at the top end of guidance, was mildly disappointing for Credit Suisse. As there was no new FY17 guidance and outstanding reserves and resources the broker finds no basis for adjusting FY17 forecasts.
Read MoreShares in Northern Star Resources eased in yesterday’s upbeat market conditions despite the company upgrading its Jundee gold mine in Western Australia.
Read MoreCiti lowers the price target to $2.40 from $2.45 following the June quarter activities report. A Neutral rating is retained on valuation.
Read MorePreliminary June Q production numbers from Northern Star show 5% higher gold sales than the broker was expecting, following strong results from all mines. The company has finished the year with better than expected cash flow.
Read MoreNo details on earnings, revenue or possible dividends in yesterday’s June 30 update from Northern Star Resources (NST) which seems to have been more designed to reassure investors that the company isn’t going down the plughole or being damaged by the step up in market volatility.
Read MoreThe broker has lowered its A$ forecasts which leads to earnings upgrades for gold miners. The broker is bullish gold and bases its valuations upon this stance, acknowledging that valuations would be materially different were the broker to assume current A$ spot gold pricing.
Read MoreNorthern Star Resources (NST), the second biggest ASX-listed gold producer, seems to have made a fascinating gold discovery in Western Australia, near one of its existing mines on the outskirts of Kalgoorlie in WA.
Read MoreNorthern Star’s production fell a tad short of the broker’s forecast but nevertheless highlighted consistency at the Paulsen deposit, the broker suggests. The broker has thus trimmed its earnings expectations but also accounted for expanded capex in taking FY14 down 5% and FY15 1%.
Read MoreMacquarie rates the stock as Initiate Coverage With Outperform Rating
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