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Northern Star Resources Ltd (ASX:NST)

ALERT: Price-sensitive ASX Announcement for NST
Current share price for NST : $19.240 -7.53 (-28.13%)+
Announcement
Release
13 Mar 2026 8:22AM
Price at Release
$26.770
Full Release
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Summary
Northern Star Resources Ltd announces an operational update detailing challenges in achieving its FY26 production guidance, primarily due to underperformance at the KCGM mill and reduced productivity at Jundee. The company anticipates FY26 production to exceed 1.5 million ounces, although this is contingent upon improving mill throughput at KCGM. The management emphasizes the importance of not compromising the transition to the new plant for short-term targets. The KCGM Mill Expansion Project is on schedule for FY27 commissioning, with increased labor to maintain timelines. Despite current challenges, mining volumes at KCGM are positive, and operational reviews at Jundee aim to reduce costs and focus on higher-margin outputs. Medium-term forecasts are being developed for release later in the year.
Key Points
  • Revised guidance for FY26 production and costs.
  • Challenges in meeting production targets due to KCGM mill performance.
  • FY26 production expected to be above 1.5 million ounces.
  • Focus on preparing for the new plant commissioning in FY27.
  • KCGM Mill Expansion Project progressing well.
  • Increased labor to maintain project timelines.
  • Operational review at Jundee to focus on cost reduction and margin.
  • Medium-term forecasts to be released later in the year.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.