Northern Star Resources has revised its gold production guidance downward, citing a series of equipment failures across its operations. The announcement led to a sharp decline in the company’s share price as investors reacted to the news. Northern Star Resources is Australia’s largest listed gold miner, focusing on large-scale, high-margin gold mines primarily in Western Australia and Alaska.
The primary crusher at Northern Star’s Super Pit mine in Western Australia experienced a breakdown in early December. However, the company waited nearly a month to inform the market of the disruption. This delay in communication has raised concerns among investors and analysts, contributing to the negative sentiment surrounding the stock.
The revised forecast indicates a reduction in gold production of up to 13 per cent for the 2026 financial year. This significant decrease is attributed to the combined impact of various equipment malfunctions, with the Super Pit crusher breakdown being a key factor. The company will provide further updates as repairs progress and operational stability is restored.
Following the announcement, Northern Star Resources shares experienced a 9 per cent drop on Friday, reflecting the market’s disappointment with the reduced production outlook. The company now faces the challenge of addressing the equipment issues and regaining investor confidence in its ability to meet future production targets.
