Record Gold Sold and Cash Flow
In FY '24, Northern Star delivered record gold sold and record net mine cash flow. The June quarter saw 439,000 ounces sold at an all-in sustaining cost of AUD 1,815 an ounce, generating an underlying free cash flow of $189 million, up 32% from the March quarter. For the year, the underlying free cash flow was $462 million, up 29% from last year.
Strong Financial Position
The company increased its net cash position to $359 million and cash and bullion to $1.25 billion. Record full-year cash earnings of approximately $1.8 billion were generated, with a 31% lift in operating cash flow from the prior quarter.
Pogo's Exceptional Performance
Pogo in Alaska delivered a record quarter with 91,000 ounces of gold sold at an all-in sustaining cost of USD 1,091 an ounce, generating record mine operating cash flow of USD 107 million.
KCGM Mill Expansion Progress
On-site construction for the KCGM mill expansion is advancing to budget and schedule, expected to double the plant's throughput and lift production to 900,000 ounces per annum by FY '29.
FY '25 Guidance and Growth Strategy
Guidance for FY '25 expects production of 1.65 million to 1.8 million ounces of gold at an all-in sustaining cost of AUD 1,850 to AUD 2,100 an ounce. The company is on track to achieve its 5-year strategy of 2 million ounces by FY '26.