BUZZ-Australia's Northern Star Resources falls on mixed production update

Reuters
07-07
BUZZ-Australia's <a href="https://laohu8.com/S/STIC.U">Northern Star</a> Resources falls on mixed production update

** Shares of Northern Star Resources NST.AX down 5.9% to A$17.3, top pct loser on the S&P ASX 200 benchmark index, which is largely flat

** The gold miner fell as much as 8.1% to its lowest level since mid-March; local gold sub-index .AXGD is down as much as 3.1%

** NST says total gold sold for its Kalgoorlie Production Centre was 832koz for the year, below the revised guidance range of 850-860koz

** However, NST says FY25 gold sold was 1,634koz and within the revised group guidance range of 1,630-1,660koz

** Co forecasts to deliver 1,700-1,850koz gold sold in FY26, with planned major shutdowns across all three production centres in the September quarter production

** Stock up 19.1% this year, as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))

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