Northern Star maintains FY24 guidance
Gold mining company Northern Star said on Wednesday that it remained on track to deliver its guidance of 1.6-million to 1.75-million ounces of gold for the 2024 financial year.
Production will be weighted towards the second half of the year, the ASX’s biggest listed gold miner said in its December quarterly report.
Northern Star, which operates production centres in Kalgoorlie and Yandal in Western Australia and Pogo in Alaska, sold 412 000 oz at an all-in sustaining cost of A$1 824/oz in the December quarter.
“The value of our diversified production centres was apparent during the December quarter, with an exceptional performance at Kalgoorlie and continuous improvement at Pogo offsetting some operational challenges at Yandal,” said MD Stuart Tonkin.
“At KCGM, our hard work is paying off with early access into the high-grade Golden Pike North mining area while Pogo achieved a record mining and milling performance. Improved mill availability across Yandal should normalise costs in the second half,” he said.
The KCGM mill expansion, approved in June last year, is progressing well with enabling works advancing.
Upon completion of the mill expansion, KCGM is expected to operate at 650 000 oz/y by the 2026 financial year and increase to 900 000 oz/y from 2029, following a two-year ramp-up.
Tonkin said that the December quarter demonstrated Northern Star’s ability to safely operate at 1.7-million ounces a year, in line with its five-year growth strategy.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation