The Northern Star Resources Ltd (ASX: NST) share price is in the spotlight today after the company revealed softer gold sales for the December 2025 quarter and trimmed its full-year production guidance to 1.6–1.7 million ounces.
Image Source: Getty Images
What did Northern Star Resources report?
- December quarter gold sales: approximately 348,000 ounces
- First half FY26 gold sales: approximately 729,000 ounces
- Revised FY26 gold sales guidance: 1,600,000 – 1,700,000 ounces (previously 1,700,000 – 1,850,000 ounces)
- KCGM December gold sales: ~110,000 ounces, impacted by crusher failure
- Yandal December gold sales: ~91,000 ounces, affected by unplanned downtimes
- Pogo gold sales: ~53,000 ounces due to lower mined grades
What else do investors need to know?
Operational hiccups during the December quarter—including equipment failures and ongoing recovery works—led to lower gold sales across all three production centres. Unplanned maintenance at sites like Jundee, South Kalgoorlie, and Thunderbox affected output by up to 20,000 ounces combined.
Looking ahead, Northern Star plans to transition to an expanded mill at KCGM in early FY27 and continues cost-focused initiatives at Yandal. Gold grades were mixed, but mining activity overall tracked towards annual guidance targets.
What's next for Northern Star Resources?
Investors can expect more details when Northern Star releases its full December quarter results and revised cost guidance on 22 January 2026. The company is focusing on stabilising operations, completing its plant expansion at KCGM, and recovering output at Jundee and Thunderbox.
The expanded plant at KCGM is on schedule, and the company is working to minimise future operational disruptions. Management will hold an investor call on 5 January 2026 to discuss the outlook in more detail.
Northern Star Resources share price snapshot
Over the past 12 months, Northern Star Resources shares have risen 73%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.
