Northern Star Resources to beat 2018 guidance

Company News

by Rachael Jones

Gold producer Northern Star Resources (ASX:NST) has hit its production rate target of 600,000 ozpa.

Production for the June quarter to date is 150,000oz. This takes the total for the financial year to date to 540,000 oz, meaning Northern Star is on track to beat the top end of its Financial year Y2018 guidance.

The executive chairman says the growth trend is on the back of its successful exploration strategy and increased processing capacity.

Shares in Northern Star Resources (ASX:NST) last traded at $6.38 yesterday.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.