Northern Star meets Q4 estimates, winds down gold hedging policy
Make us a preferred source
Make us a preferred source on Google
The news: Gold miner Northern Star Resources broadly met market estimates after publishing its fourth-quarter production figures this morning.
The numbers: Northern Star recorded fourth-quarter production of 444,000 ounces at an all-in sustaining cost of $2,197 per ounce, roughly meeting consensus forecasts.
The context: The miner, which announced its FY26 guidance earlier this month, said that with its Kalgoorlie Consolidated Gold Mines mill expansion project – that is "well advanced and tracking to plan" – it will wind down its gold price hedging.
RBC Capital Markets analyst Alex Barkley said Northern Star's removal of its mandatory hedging policy is a "potential positive signal", despite a "fairly neutral update", suggesting confidence in its balance sheet and cash flow outlook.
The sources: ASX, RBC Capital Markets research
