0051 GMT - Northern Star Resources' acquisition of De Grey Mining could spur development of an underground mine at the Hemi gold project in Australia's Pilbara region, contends Macquarie. Northern Star is Macquarie's top pick of gold producers among the 50 biggest stocks on the ASX. Macquarie says its base case for Hemi is grounded in De Grey's definitive feasibility study, which pointed to an annual output of 530,000 oz of gold over a decade. Still, Macquarie also assumes an underground mine that could boost production by 8% to 570,000 oz annually. "We also assume pre-production capex of A$1.9 billion and an all-in sustaining cost of A$1,500/oz, which are 38% and 19% higher than the definitive feasibility study, respectively," albeit in line with consensus, Macquarie says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 22, 2025 20:51 ET (00:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。