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Northern Star Resources Ltd ( (AU:NST) ) just unveiled an announcement.
Northern Star Resources has warned that meeting the lower end of its FY26 production guidance will be difficult after weaker milling performance at KCGM and reduced mining productivity at several sites, including Jundee, limited January–February gold sales to 220,000 ounces. The company now expects FY26 output to exceed 1.5 million ounces but says results will hinge on variable throughput at KCGM’s existing mill, with management prioritising long-term performance over short-term guidance.
Management and the board are focusing on ensuring that efforts to hit FY26 targets do not compromise the planned transition to the new KCGM processing plant in early FY27, shifting near-term emphasis to extracting ounces in the most cost-effective and efficient way. The KCGM Mill Expansion Project remains on schedule, supported by a large contractor workforce, while strong mining volumes and growing high-grade stockpiles are expected to bolster FY27 production and an operational review at Jundee aims to cut costs and redeploy resources to higher-margin assets.
Northern Star is also preparing more detailed medium-term production, cost and capital forecasts for release later this year to address investor demand for greater transparency. The company will provide further details on FY26 production and costs with its March quarterly results in April, as it seeks to balance near-term operational pressures with the delivery of long-term value from its asset base.
The most recent analyst rating on (AU:NST) stock is a Buy with a A$33.00 price target. To see the full list of analyst forecasts on Northern Star Resources Ltd stock, see the AU:NST Stock Forecast page.
More about Northern Star Resources Ltd
Northern Star Resources Ltd is an Australian gold mining company listed on the ASX, with key operations including the Kalgoorlie Consolidated Gold Mines (KCGM) and Jundee. The company focuses on large-scale gold production and mill expansion projects to enhance throughput and long-term output, positioning itself as a major producer in the global gold sector.
Average Trading Volume: 6,459,696
Technical Sentiment Signal: Buy
Current Market Cap: A$38.25B
See more data about NST stock on TipRanks’ Stock Analysis page.