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Northern Star Resources Ltd ( (AU:NST) ) just unveiled an announcement.
Northern Star Resources Ltd has announced record financial results for the half-year ending 31 December 2024, driven by increased gold sales and realized prices. The company reported a 63% increase in cash earnings to A$1.1 billion, a 58% rise in underlying EBITDA, and a strong balance sheet position with a net cash of A$265 million. The board declared a record interim dividend of 25.0 cents per share, amid ongoing A$300 million share buy-back program. These results reflect the successful execution of Northern Star’s growth strategy initiated in FY22, positioning the company well to meet its FY25 production and cost guidance, while also pursuing key growth projects such as the KCGM Mill Expansion and potential acquisition of De Grey Mining.
More about Northern Star Resources Ltd
Northern Star Resources Ltd is a company in the mining industry, with a primary focus on gold production. It operates significant mining operations in regions such as Kalgoorlie, Yandal, and Pogo, with a strategic focus on profitable growth and exploration.
YTD Price Performance: 13.00%
Average Trading Volume: 4,358
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $12.85B
For a thorough assessment of NST stock, go to TipRanks’ Stock Analysis page.
