MENU

Northern Star Resources Ltd (ASX:NST) on track to meet growth targets

It’s been few good months for gold miners, and $6.03 billion market cap gold production and exploration company Northern Star Resources Ltd (ASX: NST) is no exception.

Northern Star shares touched 52-week highs earlier this week but have dropped back 1.7% to $9.27 at the time of writing off the back of the release of its September quarter activities report.

The report maintained Northern Star is on track to meet FY19 guidance of between 850,000 oz and 900,000 oz with an all-in sustaining cost (AISC) of between $1,050 and $1,150 per oz.

Northern Star has officially taken control of the Alaskan Pogo mine after finalising the acquisition on September 28 with forecasts it will raise mill utilisation rates at the mine to 90% this quarter and 100% in the June quarter.

Other gold miners slipping off 52-week highs right now include OceanaGold Corp (ASX: OGC) and Saracen Mineral Holdings Limited (ASX: SAR) who have both responded to an overall correction on the S&P/ASX 200 today by slipping down into the red.

OUR #1 dividend pick to grow your wealth now is revealed for FREE here!

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!