Operational Update
Stock | Northern Star Resources Ltd (NST.ASX) |
---|---|
Release Time | 7 Jul 2025, 8:22 a.m. |
Price Sensitive | Yes |
Northern Star Delivers Strong Q4 Production, Raises FY26 Guidance
- Total gold sold of 444koz in Q4, bringing FY25 to 1,634koz within revised guidance
- Kalgoorlie and Yandal production centres meet revised guidance, Pogo exceeds
- FY26 guidance of 1,700-1,850koz gold sold, with AISC of A$2,300-2,700/oz
Northern Star Resources Ltd (ASX: NST) has provided an operational update, reporting strong June quarter performance that delivered FY25 revised production guidance. Total gold sold for the June quarter was 444koz, bringing FY25 gold sold to 1,634koz and within the revised group guidance range of 1,630-1,660koz. AISC is also expected to be within the FY25 revised cost guidance range of A$2,100-A$2,200/oz. For the Kalgoorlie Production Centre, total gold sold was 832koz for the year, below the revised guidance range. Gold sold at KCGM was 118koz for the June quarter as mining productivity improved across both underground and open pit ore sources late in the quarter. The Yandal Production Centre sold 518koz gold, at the mid-point of revised guidance. Strong performance continued at Pogo, with gold sold of 283koz, above the top end of revised guidance.The company has also provided FY26 guidance, forecasting gold sales of 1,700-1,850koz at an AISC of A$2,300-A$2,700/oz. This reflects broader sector inflationary pressure, uplift in sustaining capital, and increasing mining cost and activity across the portfolio. Growth capital expenditure is planned at A$1,140-A$1,200 million, including the KCGM Mill Expansion Project, KCGM Operational Development, and other operational readiness projects.
FY26 gold sales of 1,700-1,850koz at an AISC of A$2,300-A$2,700/oz.
Northern Star continues to advance major growth projects to achieve its goal of being a long-life, high margin, returns-focused global gold producer. The KCGM Mill Expansion is one of the key enablers to this, with mill commissioning on track for early FY27.