Northern Star Resources strong progress at Pogo helps drive record results

Company News

by Anna Napoli

Northern Star Resources (ASX:NST) has flagged record gold sold in the June quarter of 232,042 ounces at an all in sustaining cost (AISC) of A$1,238/oz.

The miner achieved record group full year sales of 840,580oz at AISC of A$1,296/oz for FY2019.

June quarter gold sold from Northern Star's Pogo operation in Alaska Pogo was up 33 per cent with costs down 18 per cent.

The record production results led to record underlying free cash flow of A$104 million in the June quarter, highlighting Northern Star’s ongoing commitment to maximising financial returns.

Northern Star Executive Chairman Bill Beament said the outstanding performance of the Australian operations and the strong progress made at Pogo underpinned the record results and painted a clear picture of where the company is headed.

Shares in Northern Star Resources (ASX:NST) are trading 0.91 per cent higher at $13.32.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.