Northern Star Resources Ltd (NST.AU) saw its stock price plummet 5.01% during intraday trading on Thursday, significantly underperforming the broader market.

The sharp decline comes as gold prices slipped with investors booking profits after a stellar run earlier this week, negatively impacting the broader Australian gold mining sector. The resources sub-index, which includes mining stocks, was among the major laggards on the benchmark index.

Adding to the downward pressure were recent revisions to Northern Star's production and cost guidance, which have given investors additional factors to assess. The combination of sector-wide commodity price weakness and company-specific guidance updates contributed to the significant intraday sell-off.