Northern Star updates resource context after De Grey acquisition

An update from Northern Star Resources Ltd ( (AU:NST) ) is now available.

Northern Star Resources clarified that its previously reported group ore reserves and mineral resources as at 31 March 2025 did not include the Hemi Project acquired through the takeover of De Grey Mining in May 2025. The company noted that subsequent changes to its resource base mainly reflect normal mining depletion and the addition of Hemi’s mineral resources and ore reserves, while confirming that all key assumptions, technical parameters and competent person findings underpinning its production targets remain unchanged.

The miner also reiterated that its reported figures represent JORC 2012-compliant mineral resources and ore reserves on a 100% attributable basis, underpinned by current operating cost structures, mining and metallurgical performance, and previously disclosed gold price and exchange rate assumptions. It further highlighted the use of non-GAAP financial measures such as EBITDA and underlying earnings, while emphasising that these metrics and its five-year gold production profiles are based entirely on existing compliant ore reserves.

The most recent analyst rating on (AU:NST) stock is a Buy with a A$29.70 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 Australia-based gold mining company focused on exploration, development and production of gold assets. The company manages a portfolio of JORC 2012-compliant mineral resources and ore reserves across its operations, and has recently expanded its holdings through the acquisition of De Grey Mining and the Hemi development project.

YTD Price Performance: 6.10%

Average Trading Volume: 6,197,036

Technical Sentiment Signal: Buy

Current Market Cap: A$40.06B

For an in-depth examination of NST stock, go to TipRanks’ Overview page.