Northern Star surges on gold price boom
Some analysts were looking for more than the 9% rise in annual net profit that Northern Star Resources (ASX:NST) reported for the year to June on Thursday.
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Northern Star sees record earnings
Like many of its rivals, gold miner Northern Star (ASX:NST) saw a strong end to the June financial year as record gold prices caused revenue to surge, aided by a weak Aussie dollar.
Read MoreInvestor reaction to Northern Star’s report
Sometimes, some investors are not bright, and others do not really read what companies put out to the ASX. Take Northern Star Resources (ASX:NST), which yesterday issued its March quarterly report, and the shares sold off because it supposedly "missed" forecasts.
Read MoreNorthern Star Resources’ quarterly performance and market response
We witnessed the typical knee-jerk reaction from traders on Thursday in response to Northern Star Resources' (ASX:NST) swift update on its March quarter gold sales performance.
Read MoreNorthern Star lodges application to expand the Super Pit Gold Mine
Northern Star Resources (ASX:NST) is planning to extend its current expansion program at the Super Pit gold mine near Kalgoorlie in the WA goldfields.
Read MoreMining giants Evolution and Northern Star shine in early 2023-24 financial results
With Newcrest Mining (ASX:NCM) set to be acquired by Newmont in the coming weeks, Evolution Mining (ASX:EVN)and Northern Star (ASX:NST) emerge as the remaining local majors, gaining increasing attention from investors seeking direct exposure to gold and copper.
Read MoreNorthern Star Resources Reports Record Earnings and Increased Dividends for Shareholders
A surge of financial success for Northern Star Resources (ASX:NST) has translated into record earnings and enhanced dividends for shareholders in the fiscal year ending on June 30.
Read MoreMoody’s gives thumbs up to NST’s gold mine expansion
Moody’s has expressed strong approval for Northern Star’s $1.5 billion expansion plan for the SuperPit gold mine near Kalgoorlie.
Read MoreNorthern Star doubles its asset
22 Jun 2023 – As widely forecasted, Northern Star Resources (ASX:NST) has greenlit the doubling in size of its major asset, the SuperPit gold mine of KGCM near Kalgoorlie, at a cost of $1.5 billion.
Read MoreLocal Goldies Lining Up for Newmont Offcasts
There’s an enormous chance for Australian miners to get global scale by positioning themselves to buy mines Newmont wants to flick after it takes control of Newcrest.
Read MoreOutages Pressure Northern Star at the Costs Level
Northern Star Resources has lifted its cost guidance following unplanned mill outages which impacted the company’s operations in Kalgoorlie and Alaska.
Read MoreIs Northern Star Approaching its Zenith?
A record interim dividend Monday for shareholders in Northern Star Resources, but is this about as good as it will get for the local gold miner in the face of continuing cost pressures?
Read MoreMining Morsels: NST, EVN
Uninspiring announcements from Northern Star Resources and Evolution Mining saw each company’s stock price lower at the end of Thursday’s ASX session than at the start.
Read MoreResource Nuggets: NST, MIN
Shares in WA mining groups Northern Star and MinRes fell yesterday, with neither’s result convincing enough for jumpy traders on a day that saw the market sold off heavily.
Read MoreThe Sky’s the Limit for Northern Star
Gold miner Northern Star is looking at a small rise in 2022-23 gold production from its mines in Australia and Alaska after wrapping up what seems to have been a successful 2021-22.
Read MoreNST – Credit Suisse rates the stock as Outperform
The target rises to $11.50 from $11.00. Outperform.
Read MoreNorthern Star Hit Hard on Falling Output, Rising Costs
Shares in gold miner Northern Star fell more than 5% yesterday as the company missed output forecasts at its flagship Kalgoorlie SuperPit and warned investors of rising production costs.
Read MoreMixed Bag of Results from Gold Giants
The report card for the country’s three major ASX-listed gold miners – Newcrest, Northern Star and Evolution Mining – for the six months to December can be regarded as a pass mark at best.
Read MoreNST – Credit Suisse rates the stock as Outperform
The broker reiterates the company is a preferred gold pick and raises its target price to $10.80 from $10.20. Outperform.
Read MoreNST – UBS rates the stock as Buy
The broker retains its Buy rating and $11.20 target price.
Read MoreGold 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 MoreMarket 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 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.
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