- Northern Star has increased its forecast for FY All-in Sustaining Costs/Oz from A$1,730-A$1,790 to A$1,810-A$1,860.
- The company predicts gold production of 1.15 million to 1.25 million oz, a decrease from the previous 1.60 million to 1.75 million oz estimate.
- However, gold sales volume is expected to remain within the initial prediction of 1.60 million to 1.75 million oz.
- Gold sales for the March quarter were totaled at 401k ounces, a number affected by significant weather occurrences across the Northern Goldfields.
- The beginning of the June quarter showcased a strong operational momentum, including increased access to high-grade Golden Pike North material, early access to the first ore at Wonder underground in the Yandal Production Centre, and grade improvements at Pogo Production Centre.
- Despite the events of the previous quarter, Northern Star still anticipates meeting gold sold guidance due to increased grade and mill utilization rates driving success in the expected strong June quarter.
- The company has revised its FY24 AISC guidance due to these quarter events, mentioning prevalent cost pressures across the sector and costs associated with the high gold prices.
- The current ranking is at 11 buys, 6 holds, 1 sell from the analysis of the company’s performance.
- These comparisons are based on values reported from the company’s original disclosures.
A look at Northern Star Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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 a positive long-term outlook. With strong momentum and resilience scores of 4 and 3 respectively, the company appears well-positioned to withstand market fluctuations and capitalize on growth opportunities. Although the value and growth scores are moderately rated at 3 each, indicating a solid but not outstanding performance in these areas, Northern Star Resources‘ overall outlook looks promising.
Northern Star Resources Ltd, a manufacturer of precious metals specializing in gold mining and production, operates in Australia and North America. The company’s Smart Scores highlight its solid momentum, resilience, and value, suggesting a reputable player in the industry poised for continued success.
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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