Northern Star lifts FY26 cost guidance after sliding gold sales
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The news: Gold miner Northern Star has hiked its FY26 cost guidance due to lower gold sales and higher royalties from elevated gold prices.
The numbers: Northern Star has raised its all-in sustaining cost from $2,300-$2,700 per ounce to $2,600-$2,800 per ounce.
It comes after the miner cut its full-year production guidance from 1.7-1.85 million ounces to 1.6-1.7 million ounces earlier this month.
The context: Northern Star saw lower gold sales across each of its three production centres in the December quarter. It also expects to receive higher royalties in FY26 driven by surging gold prices, which have been $40 per ounce above the company's initial forecast.
The source: ASX
