Northern Star Resources Ltd Addresses Recent Press Commentary
Key points
- Elliott Investment Management disclosed a 3-4% stake in Northern Star.
- Northern Star acknowledges share price underperformance and welcomes constructive suggestions.
- Company is recruiting a new CEO and seeking a new Board member with gold experience.
Full summary
Northern Star Resources Ltd has responded to recent press commentary from Elliott Investment Management, which disclosed a 3-4% investment in the company. The company acknowledges the share price underperformance and welcomes constructive suggestions from Elliott. Northern Star is in the process of recruiting a new CEO and is also seeking a new Board member with deep gold experience. The company emphasizes its major achievements, including the removal of the major wall slip at KCGM, the construction of a new processing plant at Fimiston, and the acquisition of the Hemi resource. Despite acknowledging operational concerns, Northern Star remains focused on running and improving its business and expanding its mining portfolio.
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