Northern Star Resources Achieves full-year guidance
- Gold mining company Northern Star Resources (NST) says the most recent June quarter delivered its FY22 production and cost guidance
- NST sold over 402,000 ounces of gold from its Kalgoorlie, Yandal and Pogo operations at an average price of $2484 per ounce, leaving it to pocket $985 million in quarterly revenue
- This takes the total gold sold in FY22 to 1.56 million ounces,aligning with its guidance of between 1.55 and 1.65 million ounces
- NST spent $674 million on growth capital and $121 million on exploration in FY22, less than its guidance, and has $528 million in cash which leaves it well-funded for its FY23 growth program
- NST shares are up 0.67 per cent to trade at $6.81 each at 12:46 pm AEST
