Northern Star Resources (ASX:NST) eyes significant growth with De Grey Mining acquisition and KCGM Mill Expansion

Tue 10 Dec 24, 10:01 AM | Team Kalkine Media

Image source: Shutterstock

Highlights

In FY24, NST’s revenue rose by 19% YoY to AUD 4,921 million

In FY25, the company aims to achieve gold sales of 1,650-1,800koz at an AISC of AUD 1,850-2,100/oz

NST plans to complete its AUD 300 million share buyback program by September 2025

Northern Star Resources Limited (ASX:NST) is an ASX-listed gold production company, involved in the development, mining, and processing of gold deposits in Western Australia, the Northern Territory, and Alaska.

Recently, the company announced the acquisition of De Grey Mining, an ASX-listed company, via a recommended scheme of arrangement. The acquisition includes the Hemi Project, in Western Australia. The combined NST will operate across two Tier-1 jurisdictions and four production centres, with Proforma mineral resources of 74.9Moz and ore reserves of 26.9Moz.

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