Northern Star's September quarter achievements

Northern Star Resources (ASX:NST) has reported a solid operational and financial performance for the September 2024 quarter, aligning with its annual production and cost guidance for FY25. The company sold 394,000 ounces of gold at an all-in sustaining cost of A$2,082 per ounce, generating an underlying free cash flow of A$52 million, marking an 86% increase year-on-year. Northern Star aims to achieve its FY25 guidance of 1,650-1,800koz gold sold at an AISC of A$1,850-2,100/oz.

Northern Star's strategic direction and future outlook

Northern Star Resources has demonstrated resilience and strategic focus through its September quarter results, maintaining its trajectory towards achieving FY25 goals. Key achievements include strong gold sales, effective cost management, and substantial progress in the KCGM Mill Expansion. With a net cash position of A$148 million and cash and bullion reserves of A$998 million, the company showcases robust financial health. Northern Star is committed to growing production, reducing unit costs, and extending mine lives while focusing on strategic projects like KCGM, Jundee, and Pogo. The extended A$300 million share buy-back program and strategic corporate activities are expected to enhance shareholder value as the company navigates towards future growth and sustainability.

Executive insights on Northern Star's performance

Our focus remains on delivering operational excellence and strategic growth. The September quarter results demonstrate our ability to manage costs effectively while advancing key projects. We are well-positioned to meet our FY25 targets and continue providing value to our shareholders.