2358 GMT - Northern Star's coming 2Q production report could disappoint some in the market, reckons RBC Capital Markets. RBC thinks Northern Star's gold production will rise by 14% compared with 1Q, falling short of consensus hopes slightly. It would also mean Northern Star is tracking below annual guidance of 1.65 million-1.80 million troy ounces. "20,000 oz more sold than produced in 1Q could unwind (in) 2Q and impact all-in sustaining costs," RBC says. It concludes that KCGM, one of Australia's largest open pit gold mines, is key to a big finish to FY 2025 and a better FY 2026. RBC rates Northern Star at sector perform. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 14, 2025 18:58 ET (23:58 GMT)
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