Earnings Alerts

Northern Star Resources (NST) Earnings: FY26 Gold Sales and Cost Forecast Unveiled

  • Northern Star forecasts FY26 gold sales volume between 1.70 million to 1.85 million ounces.
  • Growth capital expenditures are expected to range from A$1.14 billion to A$1.20 billion.
  • Exploration expenses are anticipated to be around A$225 million.
  • The company maintains its projection for all-in sustaining costs (AISC) per ounce between A$2,300 to A$2,700.
  • The latest yearly results show a gold sales volume of 1.63 million ounces and an AISC of A$2,163 per ounce.
  • September quarter production is guided to approximately 400,000 ounces, with major planned shutdowns occurring across all production centers.
  • The June quarter is expected to be the strongest as growth projects are completed.
  • FY26 guidance indicates an expected improvement in AISC throughout the year.
  • The AISC guidance reflects inflationary pressures of roughly 5% globally, increased royalties related to higher gold prices, and sustaining capital about A$750 million.
  • Investment analyst recommendations comprise 9 buys, 7 holds, and 1 sell.

Northern Star Resources on Smartkarma

On Smartkarma, independent analyst coverage of Northern Star Resources is shedding light on the company’s recent developments and potential for growth. Baptista Research‘s report titled “Northern Star Resources: Initiation of Coverage- Why Mining Stabilization at Super Pit Could Be a Game-Changer!” highlights the company’s strong financial and operational performance in the March 2025 quarter. With a robust net mine cash flow of $295 million and positive contributions from all production centers, Northern Star Resources benefited from a gold price exceeding AUD 5,000 per ounce and its low-risk mining jurisdictions in Western Australia and Alaska.

Analyst Brian Freitas also weighs in on Northern Star Resources, focusing on the passive flows resulting from De Grey Mining shareholders’ approval of the acquisition by Northern Star Resources. As De Grey Mining exits the market, there is anticipation of passive buying in NST and GDG, with Generation Development Group set to replace De Grey Mining in the S&P/ASX 200. This transition is expected to drive passive inflows for Northern Star Resources from both local and global index trackers, indicating a positive market sentiment towards the company’s future prospects.


A look at Northern Star Resources Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
Resilience4
Momentum5
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Northern Star Resources shows promising long-term potential. With strong scores in Growth, Resilience, and Momentum, the company appears to be on a solid trajectory for future success. The high Growth and Momentum scores indicate that the company is experiencing significant expansion and positive market sentiment, which could lead to increased shareholder value over time. Additionally, the respectable Resilience score suggests that Northern Star Resources is well-positioned to withstand market fluctuations and economic uncertainties.

Although the Value and Dividend scores are average, the overall outlook for Northern Star Resources seems optimistic. Investors may see this as an opportunity to capitalize on the company’s growth prospects and strong market performance. With a focus on manufacturing precious metals, primarily gold, and serving customers in key markets like Australia and North America, Northern Star Resources is poised to further establish itself as a prominent player in the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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