Highlights

  • September-quarter gold sales reached 364koz at an All-In Sustaining Cost of AUD 3,217 per ounce.
  • The KCGM mill tie-in was completed, with commissioning progressing during the reporting period.
  • The company maintained FY27 guidance of 1,500–1,650koz of gold sold.
  • Cash and bullion stood at approximately AUD 1.2B at 30 September 2026.

Northern Star Resources (ASX:NST) is in focus following recent operational and corporate developments. Northern Star reported 364koz of gold sold in the September quarter, with all-in sustaining costs of AUD 3,217 per ounce. The company reported net mine Cash Flow of AUD 210M, while group underlying free cash flow was negative AUD 31M after corporate tax payments of AUD 113M.

Quarterly Developments Take Shape

The September-quarter report recorded 363,891 ounces of gold sold at an all-in sustaining cost of AUD 3,217 per ounce. Kalgoorlie contributed 193,540 ounces, Yandal 117,631 ounces and Pogo 52,720 ounces. The different cost profiles of these production centres are material to the consolidated result.

The KCGM mill tie-in was completed and commissioning was progressing. The commissioning stage is distinct from full steady-state operation, and the company continued to report progress on the associated works.

Operating Priorities and Financial Context

At KCGM, the mill tie-in was completed and commissioning entered its early stages. The expanded processing Facility is expected to underpin a production profile weighted towards the second half of FY27. Commissioning performance therefore remains an important operating variable rather than a completed ramp-up.

Northern Star maintained FY27 gold-sales guidance of 1,500–1,650koz and all-in sustaining cost guidance of AUD 3,050–3,450 per ounce. Cash and bullion at 30 September totalled AUD 1.2B.

Market Performance on 3 November 2026

Net mine cash flow was AUD 210M for the quarter. Cash and bullion totalled AUD 1.2B at 30 September 2026. The company subsequently utilised AUD 500M of bank facilities to maintain targeted cash holdings, separating the quarter-end balance from subsequent financing activity.

Northern Star Resources shares closed at AUD 24.07 on 3 November 2026, changing 0.00% during the session. The company had a Market Capitalisation of approximately AUD 34.31B. The share-price movement is presented as a trading fact and does not establish a causal relationship with any announcement.

What Comes Next

FY27 guidance remained 1.5M–1.65M ounces of gold sold at all-in sustaining costs of AUD 3,050–3,450 per ounce. Hemi Project studies continued towards a final Investment decision targeted for late FY27; that decision had not been made as of the article date.

The company’s next reporting and development milestones will need to be assessed against its official disclosures. Plans and guidance remain distinct from completed operating results. The current operational position and priorities are set out above without assuming outcomes that have not been announced.