Daily Roundup

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Northern Star Resources Provides Operational Update

Northern Star Resources has some news to share about its operations. The company has revised its production guidance for the 2026 fiscal year, now expecting output to be above 1.5 million ounces. However, this is dependent on maintaining the required mill throughput at its KCGM operations.

The company is facing some ongoing challenges, including weaker milling performance and reduced mining productivity across several of its sites, particularly at Jundee. These factors have impacted gold sales so far this quarter.

Despite the near-term pressures, Northern Star remains focused on setting the company up for success in the 2027 fiscal year. The KCGM Mill Expansion Project is on track for early 2027 commissioning, which should help boost production. At Jundee, the company is undertaking an operational review to reduce costs and prioritize higher-margin ounces.

Aquirian Provides Drillforce Operational Update

Aquirian, through its technology-led drill and blast services business Drillforce, is making progress on several client tenders. The company has also secured two new drill rigs, one of which incorporates Aquirian's patented Automated Collar Keeper System.

Aquirian's Managing Director Greg Patching highlighted that the company's proprietary drill technology and energetics are at the core of Drillforce's value proposition. This enables Aquirian to offer a fully integrated service across the drill and blast value chain for its mining customers.

Brazilian Crude Oil Export Tax Announced

Karoon Energy has announced that the Brazilian government has imposed a 12% tax on crude oil exports, effective immediately. The tax is expected to be deductible for corporate income tax purposes, but it will lapse after 120 days unless ratified by the Brazilian Congress.

Collins Foods Settles Employee Class Action

Collins Foods has entered into a binding agreement to settle an employee class action regarding 10-minute rest breaks. The settlement amount of up to AUD $9 million is subject to Federal Court approval, and Collins Foods has made no admission of liability.

ARC Funds Ltd Suspended from ASX Quotation

In some less positive news, ARC Funds Ltd has been suspended from quotation on the Australian Securities Exchange. The suspension is due to the company not having sufficient directors to comply with the Corporations Act. The suspension will continue until ARC Funds can demonstrate compliance with the ASX Listing Rules.

ARC Funds has also announced a temporary pause in trading of its securities, pending a further announcement from the company. The reason for the trading pause has not been disclosed.

That's the news roundup for today. Stay tuned for more updates from these companies and others in the days ahead.