Gold Proving Resistant to Covid the Third Time Around
Gold has failed to get the same sort of flight to quality booster shot from the new Covid variant that it got in 2020 from the original Alpha strain.
Read MoreTag: NST
Market Murmurs: TNE, BAP, NST, LNK
On what was a pretty slow Tuesday on the ASX, here are four bits of news from TechnologyOne (ASX: TNE), Bapcor (ASX: BAP), Northern Star (ASX: NST), and Link Group (ASX: LNK).
Read MoreConsolidation Pays Dividends for Northern Star
The takeover of Saracen and the reuniting of the Super Pit near Kalgoorlie under one owner paid off for Northern Star Resources in the year to June 30, with record earnings and a new dividend policy.
Read MoreEvolution Continues Expansion with Kundana Deal
Days after confirming its $1 billion Cowal expansion, Evolution has revealed a $400 million transaction to turn its Mungari mine into a ‘cornerstone’ asset in a deal with rival Northern Star Resources.
Read MoreTeaching a New Chair Old Tricks
Northern Star revealed this week that Michael Chaney, the current chair of Wesfarmers and the most powerful business leader in WA, will replace Bill Beament on July 1.
Read MoreNorthern Star, MinRes Show Depth of Mining Boom
Solid results from two mid-tier miners yesterday in Northern Star and Mineral Resources which confirm the boom is not limited to megaminers such as BHP and RIO.
Read MoreNST – Citi rates the stock as Buy
Gold prices are expected to make a push above US$1975/oz in the next 6-9 months. This drives a ratings upgrade to Northern Star, to Buy from Neutral. Target price is $13.90.
Read MoreSuper Pit Partners Saracen And Northern Star Agree To Gold Merger
Is it a good idea to merge at the height of a price boom for your one and only product – such as gold? Some analysts would see yes because that allows shareholders in the merging companies to maximise their returns. So then what will be the fate of the planned $4.1 billion, mostly paper merger between Saracen and Northern Star?
Read MorePogo Bounce Helps Northern Star Revive Dividend
Shares in Northern Star Resources jumped 6.4% yesterday off the back of the overnight surge in gold prices to around $US1,808 an ounce, a near eight-year high, and an encouraging update for the 2020 financial year, including good news for shareholders on the delayed interim dividend.
Read MoreNST – Credit Suisse rates the stock as Upgrade to Outperform from Neutral
Credit Suisse increases gold price forecasts for 2020-22, again. Fundamentals underpinning the gold sector include low and negative yields, a weakening US dollar and expectations that significant fiscal stimulus from various governments will ultimately be highly inflationary.
Read MoreGold Stocks A Beacon In The Dark
Gold equities have suffered from the liquidity-driven global sell-off over recent weeks but several brokers suggest the outlook is much brighter, as flight-to-safety concerns take over.
Read MoreUncertainty Reigns As AMP, Northern Star Withdraw Guidance
AMP shares bounced and those of gold miner, North Star resources slid yesterday after both withdrew their 2020 guidance.
Read MoreDo Less Risky Stock Market Exposures Really Exist?
With a sense of raw panic descending on global stock markets, the question is whether there are any truly safe havens in terms of remaining exposed to equities?
Read MoreNST – Credit Suisse rates the stock as Underperform
First-half net profit beat Credit Suisse estimates because of toll treatment contributions that were not discernible from the quarterly reports.
Read MoreNST – Credit Suisse rates the stock as Upgrade to Neutral from Underperform
Credit Suisse believes the company has paid a fair price for 50% of the Super Pit based on the current reserves and the assumption that the current constrained production and elevated costs will improve.
Read MoreNST – UBS rates the stock as Neutral
September quarter production was -10% below UBS estimates with costs 12% higher. The broker suggests, being the fourth quarter of weaker-than-expected production, market confidence has been dented and this is potentially affecting the company’s premium valuation.
Read MoreNST – Credit Suisse rates the stock as Underperform
Credit Suisse observes management is genuinely impressed with the exploration opportunity at Pogo and confident it will be its best mine within three years.
Read MoreForget The Rumours, Northern Star’s Pogo Riches Make Super Pit Look Not So Super
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 MoreNST – Morgan Stanley rates the stock as Underweight
Although strong, the June quarter production missed guidance on expectations. Morgan Stanley suspects guidance, in the first place, was too high.
Read MorePogo Acquisition Pays Off For Northern Star
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.
Read MoreSniffing Out Golden Opportunities On The ASX
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.
Read MoreGold Really Is Shining – My Forecasts Raised
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.
Read MoreNorthern 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.
Read MoreNST – 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 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 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 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 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 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 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 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.
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