Northern Star Pins Hope On Pogo Recovery
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.
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NST – Credit Suisse rates the stock as Underperform
March 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.
Read MoreAlaska Delays Take Shine Off Northern Star
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.
Read MoreGold Shorts: Pogo Deal Lifts Northern Star, Evolution Loses Shine
Two contrasting results from two of the country’s major medium level gold miners – Northern Star Resources and Evolution Mining.
Read MoreHigher Costs Take Shine Off Northern Star
Northern 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 MoreGold News: Discovery At Dacian, Northern Star Upgrades Pogo Purchase
Two 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 MoreGold Rush Keeps Northern Star Rising
Shares 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 Heads To Alaska With New Gold Mine Purchase
Northern 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 MoreNST – Credit Suisse rates as Underperform
Credit 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 MoreNST – Credit Suisse rates as Underperform
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.
Read MoreGolden Run Rolls On For Northern Star
Northern Star Resources is looking at a solid boost to 2018-19 production guidance after topping its 2017-18 guidance quite easily.
Read MoreNorthern Star Tops Gold Guidance
WA 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 Hits Gold Targets
Northern 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 MoreNorthern Star Expands Its Horizons
Gold 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 More‘Nice Deal’ As Northern Star Buys South Kalgoorlie Gold Mine
Northern 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 MoreOpportunity Shines On Northern Star
Along 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 MoreNorthern Star Shines On Exploration Results
Gold 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 MoreNST – Deutsche Bank rates the stock as Hold
FY17 net profit was below Deutsche Bank’s expectations because of higher corporate costs. Free cash flow was in line.
Read MoreNorthern Star Shines With Record Profit
The resource sector continues to yield solid to outstanding June 30 reports.
Read MoreNorthern Star’s Upgrade Starts Flood Of Pre-Diggers Releases
Diggers & 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 MoreNST – Deutsche Bank rates the stock as Hold
Northern 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 MoreNorthern Star Shines, Profit Up 61%
Australia’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 MoreNST – Morgan Stanley rates the stock as Overweight
Morgan 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 MoreNST – Macquarie rates the stock as Outperform
Macquarie 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 MoreNST – Credit Suisse rates the stock as Underperform
Northern 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 MoreNorthern Star Rides Gold Revival
Gold 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 MoreNST – Credit Suisse rates the stock as Underperform
June 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 MoreNorthern Star Resources shares eased in yesterday’s upbeat market conditions
Shares in Northern Star Resources eased in yesterday’s upbeat market conditions despite the company upgrading its Jundee gold mine in Western Australia.
Read MoreNST – Citi rates the stock as Neutral
Citi lowers the price target to $2.40 from $2.45 following the June quarter activities report. A Neutral rating is retained on valuation.
Read MoreNST – Macquarie rates the stock as Outperform
Preliminary June Q production numbers from Northern Star show 5% higher gold sales than the broker was expecting, following strong results from all mines. The company has finished the year with better than expected cash flow.
Read MoreNorthern Star Upbeat
No details on earnings, revenue or possible dividends in yesterday’s June 30 update from Northern Star Resources (NST) which seems to have been more designed to reassure investors that the company isn’t going down the plughole or being damaged by the step up in market volatility.
Read MoreNST – Macquarie rates the stock as Neutral
The broker has lowered its A$ 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 MoreNew WA Gold Strike In Old Mining Area
Northern 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 MoreNST – Macquarie rates the stock as Outperform
Northern 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 MoreNST – Macquarie rates as Outperform
Macquarie rates the stock as Initiate Coverage With Outperform Rating
Read MoreNorthern Star On The Rise
So why did Northern Star Resources (NST) shares rise yesterday? Was it the near 2% rise in the gold price in Asian trading, or the report of a solid profit for 2012-13, or that the company is going to delay its Ashburton gold project indefinitely?
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