Northern Star Resources Ltd (NESRF) Earnings Dates, Call Summary & Reports

Compare

74 Followers

Earnings Data

Report Date

Aug 25, 2026

Before Open (Confirmed)

Period Ending

2026 (Q4)

Consensus EPS Forecast

0.72

Last Year’s EPS

0.5

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 12 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:Feb 11, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a mixed picture. Material operational setbacks in Q2 (crusher failure at KCGM, Jundee and Thunderbox disruptions, grade shortfalls) caused a downgrade to FY'26 production and drove higher near-term costs and incremental FY'26 capex to keep major projects on schedule. Offsetting these issues are a strong balance sheet (cash & bullion $1.18B, net cash $293M), robust H1 cash earnings and operating cash flow, record mining performance at KCGM, improvement in processing recovery (86%, +5ppt vs expectation) and clear project progress (KCGM mill expansion on track for early FY'27). Management emphasized the one-off nature of many issues and confidence in a stronger second half. Overall, positives (financial strength, project pipeline, recovery improvements and inventory of high-grade ore ready for processing) are balanced by significant operational execution risks and near-term upgrades to capex and schedules.

Company Guidance

Northern Star revised FY‑26 guidance to 1.6–1.7 million ounces of gold sold at an AISC of $2,600–$2,800/oz (after reporting Dec‑quarter gold sold of 348,000 oz at AUD 2,937/oz), kept operational growth CapEx guidance at $1.14–$1.20 billion and detailed FY‑26 project spend including KCGM mill expansion $640–$660 million, KCGM tailings $240–$260 million (FY‑27 $100–$120 million), and Hemi $165–$175 million; operational highlights fueling the outlook included KCGM mining a record 207,000 oz in the quarter, finishing the quarter with 1.3 Mt @ 1.9 g/t and ~81,000 oz of high‑grade ore on the ROM pad, open‑pit material movement of ~22 million (Q2) and 45 million (H1) towards an 80–90 Mtpa annual range, >700,000 t crushed in 20 days (vs Dec month 600,000 t), processing availability YTD 92% and quarter recovery 86%, while the balance sheet shows cash and bullion $1.18 billion, net cash $293 million, H1 cash earnings ~$1.06–$1.11 billion, operating cash flow $738 million, 158,000 oz of hedge deliveries in the quarter and total commitments of 1.1 million oz at an average price just over $3,300/oz, with second‑half group cash tax guidance of $230–$270 million.

Balanced FY'26 Revised Guidance

Northern Star revised FY'26 gold sold guidance to 1.6 million–1.7 million ounces and all-in sustaining cost guidance narrowed to $2,600–$2,800/oz, with further detail provided by production center. Guidance incorporates known one-off events and the company expects a stronger second half.

Strong Balance Sheet and Cash Generation

Cash and bullion of $1.18 billion and a net cash position of $293 million at 31 December. Estimated H1 cash earnings $1.06 billion–$1.11 billion and operating cash flow of $738 million. Dividend policy remains 20%–30% of cash earnings.

Record and Improved Mining Performance at KCGM

KCGM mined a record 207,000 ounces in the quarter (new site record under Northern Star ownership). Open-pit material movement was at the top of the annual guidance range (22 million for the quarter / 45 million for H1 as reported). Mill crushing recovered strongly post-5 January: crushed over 700,000 tonnes in 20 days versus December's 600,000 tonnes (≈16.7% higher tonnage for the reported comparison).

Processing and Recovery Strength

Processing availability averaged 92% year-to-date and recovery for the quarter was 86%, which was 5 percentage points higher than expected, supporting improved metal conversion as the year progresses.

Underground Development and Ore Inventory

KCGM underground developed 8.7 km and mined 819,000 tonnes of ore in the quarter. For H1, underground ore mined was 1.55 million tonnes (annualized exceeding the 3 Mtpa target). KCGM finished the quarter with 1.3 million tonnes at 1.9 g/t and ~81,000 ounces of high-grade ore on the ROM pad.

Project Progress and Capital Allocation

Operational growth capital guidance unchanged at $1.14 billion–$1.2 billion. KCGM mill expansion remains on schedule for early FY'27 commissioning. KCGM FY'26 capex items disclosed: mill expansion $640M–$660M, tailings dam $240M–$260M (FY'27 tailings spend lighter at $100M–$120M). Hemi FY'26 forecast spend $165M–$175M reflecting optimization/design work.

Hedge Book Unwinding and Increasing Spot Exposure

158,000 ounces of hedges delivered during the quarter. Remaining commitments were 1.1 million ounces at an average price just over $3,300/oz (≈14.4% of commitments delivered in the quarter), meaning ongoing unwinding will increase exposure to spot as production rises.

Non-cash Inventory and Tax Position

Non-cash inventory charges were a credit of $93 million in the December quarter (driven by lower grade stockpile build and higher ore stocks at KCGM and Thunderbox). Company lowered second-half group cash tax forecast to $230M–$270M.

Northern Star Resources Ltd (NESRF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NESRF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 25, 2026	2026 (Q4)	0.72 / -	0.502	―	―	―
Feb 11, 2026	2026 (Q2)	0.38 / 0.38	0.309	21.28% (+0.07)
Aug 20, 2025	2025 (Q4)	0.49 / 0.50	0.285	76.37% (+0.22)
Feb 12, 2025	2025 (Q2)	0.33 / 0.31	0.428	-27.65% (-0.12)
Aug 21, 2024	2024 (Q4)	0.24 / 0.28	0.156	82.73% (+0.13)
Feb 21, 2024	2024 (Q2)	0.13 / 0.43	0.029	1373.17% (+0.40)
Aug 23, 2023	2023 (Q4)	0.16 / 0.16	0.081	91.30% (+0.07)
Feb 19, 2023	2023 (Q2)	0.05 / 0.03	0.158	-81.61% (-0.13)
Aug 28, 2022	2022 (Q4)	0.13 / 0.08	0.106	-23.33% (-0.02)	―	―
Feb 09, 2022	2022 (Q2)	0.18 / 0.16	0.12	31.18% (+0.04)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NESRF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 11, 2026	$20.49	$20.75	+1.27%
Aug 20, 2025	$11.73	$11.80	+0.59%
Feb 12, 2025	$10.91	$11.25	+3.11%
Aug 21, 2024	$9.54	$9.88	+3.61%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Northern Star Resources Ltd (NESRF) report earnings?

Northern Star Resources Ltd (NESRF) is schdueled to report earning on Aug 25, 2026, Before Open (Confirmed).

What is Northern Star Resources Ltd (NESRF) earnings time?

Northern Star Resources Ltd (NESRF) earnings time is at Aug 25, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is NESRF EPS forecast?

NESRF EPS forecast for the fiscal quarter 2026 (Q4) is 0.72.