ASX:NST

Northern Star Resources Increases Estimated Mineral Resources, Ore Reserves

Northern Star Resources (ASX:NST) said its estimated mineral resources increased 26% to 88.9 million ounces as of March 31, while its estimated ore reserves jumped 27% to 28.4 million ounces, according to a Wednesday filing with the Australian bourse.The company is focused on its Kalgoorlie Consolidated Gold Mines operations in Western Australia, Pogo mine in Alaska, and Hemi gold project in Western Australia to support a long-term, low-cost growth pathway.The estimates include, for the first time, Northern Star's mineral resources and ore reserves for the Hemi project, which it acquired in May 2025.

Update: Northern Star Resources Should Launch Strategic Review, Explore Sale, Activist Investor Elliott Says; Shares Up 13%

(Updates with a Northern Star Resources statement in the sixth paragraph, and the stock move in the headline and last paragraph.)Northern Star Resources (ASX:NST) should conduct a strategic review that includes a potential sale, alongside a search for a new CEO, to identify opportunities for operational improvements, shareholder Elliott Investment Management said Monday.Elliott disclosed a stake of over AU$1 billion in Northern Star Resources, saying it wants to work with the company to maximize shareholder value."Northern Star's recent pattern of operational missteps, cost overruns and inconsistent strategic direction demands urgent action," Elliott said, adding that the company has underperformed its potential despite holding world-class gold assets.The activist investor also urged the company to supplement its board with "fresh perspectives" to help guide the review and subsequent steps.Elliott further alleged that Northern Star has "deeply inadequate disclosures compared to global senior peers." The company is likely to draw "significant strategic interest" if it explores a sale, Elliott said.In a response, Northern Star Resources welcomed the opportunity for dialogue with the investor, saying it shares Elliott's view on the company having the required portfolio to deliver superior returns. The search for a new managing director is well underway and the company remains focused on meeting its full-year guidance, Northern Star said.The company's shares rose around 13% in recent Tuesday trade.

Update: Northern Star Resources Should Launch Strategic Review, Explore Sale, Activist Investor Elliott Says; Shares Up 9%

(Updates to add stock movement in the headline and last paragraph)Northern Star Resources (ASX:NST) should conduct a strategic review that includes a potential sale, alongside a search for a new CEO, to identify opportunities for operational improvements, shareholder Elliott Investment Management said Monday.Elliott disclosed a stake of over AU$1 billion in Northern Star Resources, saying it wants to work with the company to maximize shareholder value."Northern Star's recent pattern of operational missteps, cost overruns and inconsistent strategic direction demands urgent action," Elliott said, adding that the company has underperformed its potential despite holding world-class gold assets.The activist investor also urged the company to supplement its board with "fresh perspectives" to help guide the review and subsequent steps.Elliott further alleged that Northern Star has "deeply inadequate disclosures compared to global senior peers." The company is likely to draw "significant strategic interest" if it explores a sale, Elliott said.Northern Star Resources did not immediately reply to a request for comment from.The company's shares rose around 9% in recent Tuesday trade.

Northern Star Resources Should Launch Strategic Review, Explore Sale, Activist Investor Elliott Says

Northern Star Resources (ASX:NST) should conduct a strategic review that includes a potential sale, alongside a search for a new CEO, to identify opportunities for operational improvements, shareholder Elliott Investment Management said Monday.Elliott disclosed a stake of over AU$1 billion in Northern Star Resources, saying it wants to work with the company to maximize shareholder value."Northern Star's recent pattern of operational missteps, cost overruns and inconsistent strategic direction demands urgent action," Elliott said, adding that the company has underperformed its potential despite holding world-class gold assets.The activist investor also urged the company to supplement its board with "fresh perspectives" to help guide the review and subsequent steps.Elliott further alleged that Northern Star has "deeply inadequate disclosures compared to global senior peers." The company is likely to draw "significant strategic interest" if it explores a sale, Elliott said.Northern Star Resources did not immediately reply to a request for comment from.

Newmont, Evolution Mining, Northern Star Resources Fall as Gold Hits Two-Month Low

Major gold mining stocks declined in recent Thursday trade as the price of the precious metal fell to a two-month low.Newmont (ASX:NEM) shed more than 6%, while Evolution Mining (ASX:EVN) and Northern Star Resources (ASX:NST) both tumbled past 5%.The spot gold price was down 1.6% to $4,383.35 per ounce, while Comex gold futures retreated around 1.5%.

Northern Star Resources Withdraws from Earn-In Deal With Novo Resources

Northern Star Resources (ASX:NST) withdrew from the earn-in under the Egina earn-in and joint venture agreement with Novo Resources (ASX:NVO), according to the latter's statement released on Wednesday.Data collected from Northern Star's exploration will be kept by Novo Resources, which plans to continue exploration on the Egina tenements in Western Australia, the statement said.

Newmont, Evolution Mining, Northern Star Resources Shares Fall as Gold Price Declines

Major gold mining stocks fell in recent Tuesday trade after the price of the precious metal declined amid US strikes in the Strait of Hormuz that cast doubt on the outcome of Middle East peace talks.Newmont (ASX:NEM) shed nearly 3%, while Northern Star Resources (ASX:NST) and Evolution Mining (ASX:EVN) both fell nearly 2%.Spot gold prices were down 0.8% on worries that the US strikes could jeopardize peace negotiations, Bloomberg reported. US forces targeted missile launch sites in Iran as well as boats that were attempting to lay mines in the Strait of Hormuz, the report said, citing a US Central Command statement.

Australian Mining Stocks Rally as Gold Price Ticks Higher

Australian gold mining stocks jumped in recent Monday trade as the price of the precious metal ticked higher.Northern Star Resources (ASX:NST) and Newmont (ASX:NEM) both advanced nearly 5%, while Evolution Mining (ASX:EVN) gained more than 4%.Comex gold futures were up nearly 1%, and spot gold prices rose past 1%.

Australian Gold Producers Flush With Free Cash Flow, Says Euroz Hartleys

Australian gold producers generated record free cash flows in the March quarter despite higher capital spending on growth projects, Euroz Hartleys said in a note on Wednesday.Cash flows were helped by higher prices, with gold averaging roughly at AU$6,998 per ounce, even as production remained largely flat.According to the investment firm, around 21 companies collectively generated free cash flow of about AU$2.7 billion, up from AU$1.53 billion in the December quarter."We believe it is important to keep one eye on the real total costs of production, otherwise you risk buying a producer with more leverage than you bargained for," analysts at the brokerage said.The firm added that concerns related to diesel supply are largely a pricing issue rather than a shortage and are already reflected in valuations.Euroz Hartleys said West African Resources (ASX:WAF) was the cheapest gold stock on a cashflow yield basis, while Greatland Resources (ASX:GGP) was the lowest-cost producer.

Newmont Shares Soar Despite Decline in Gold Prices Recover Losses

Newmont's (ASX:NEM) shares soared over 6% in recent trading on Monday, while those of Evolution Mining (ASX:EVN) gained over 1%, as gold prices recovered losses.Spot gold recovered to $4,707.75 per ounce, ​after falling 0.8% earlier in the session. The precious metal declined 2.5% in the previous week.Shares of Northern Star Resources (ASX:NST) were almost flat.

Jarden Adjusts Northern Star Resources' Price Target to AU$22.30 from AU$22.50, Keeps at Underweight

Northern Star Resources Reports 'Mixed' Result in March Quarter, Jarden Research Says

Northern Star Resources (ASX:NST) reported a "mixed" March quarter result, with operating metrics generally better than feared after the numerous guidance downgrades through the quarter, Jarden Research said in a Thursday note.The company produced 387,000 ounces of gold and sold 381,000 ounces at an all-in sustaining cost of AU$2,709 per ounce.However, financial outcomes were impacted by a poor gold price realization of AU$5,283 per ounce, about 24% below the prevailing average of AU$6,995 per ounce and 8% below Jarden estimates.The company's revenue of AU$2 billion subsequently came in at around 11% below consensus, but 5% above Jarden estimates.Jarden Research maintained its underweight rating on Northern Star Resources and lowered its price target to AU$22.30 from AU$22.50.Northern Star Resources shares fell 3% in afternoon trade on Friday.

Jarden Adjusts Northern Star Resources' Price Target to AU$22.30 from AU$22.50, Keeps at Underweight

Northern Star Resources (ASX:NST) has an average rating of overweight and mean price target of AU$28.53, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Northern Star Resources' Gold Sales Fall in March Quarter

Northern Star Resources (ASX:NST) said that the total gold sold for the March quarter was 380,807 ounces at an all-in sustaining cost (AISC) of AU$2,709 per ounce, according to a Wednesday Australian bourse filing.Total gold sold was 385,441 ounces at an AISC of AU$2,246 per ounce in the March 2025 quarter, an earlier filing showed.The company expects gold sales in fiscal 2026 to exceed 1.5 million ounces, with AISC projected between AU$2,600 and AU$2,800 per ounce.The company reported net cash of AU$320 million after paying a AU$347 million cash dividend, with total cash and bullion holdings amounting to AU$1.18 billion as of March 31.Northern Star Resources' shares shed around 2% in recent Wednesday trade.