Nothern Star heading to next universe

Aug 13, 2020 | News

Northern Star Resources Ltd has announced FY2021 production guidance for Australian operations (ex-KCGM) is 540,000-600,000oz @ AISC of $1,425-$1,525/oz gold, while Pogo is 180,000-220,000oz @ AISC of $US1,200-$US1,400/oz. Guidance takes into account impacts of COVID-19.

The company expects to generate significant increases in production, cash flow and mines lives over the next two years.

“We are entering the next chapter of growth on all levels of our business,” Northern Star executive chairman Bill Beament said. “The cornerstone of this strong outlook is our exploration success, which has seen resources increase by 3.2 moz in the past year to 22.3 moz and reserves rise by 12% to 6 moz.”

Results and forecasts exclude 50% of the Super Pit through its KCGM interest.