Northern Star Resources Entering Higher-Risk Phase -- Market Talk

Dow Jones07:15

2315 GMT - Northern Star Resources is downgraded to hold, from accumulate, by Ord Minnett which takes a less rosy view of the gold miner's outlook. Northern Star expects to produce 1.5 million oz of gold at an all-in sustaining cost of A$2,600-A$2,800/oz in FY 2026. Achieving that target largely hinges on throughput at the mill at its Kalgoorlie Consolidated Gold Mines hub, analyst Paul Kaner says. "FY27 guidance (due July) similarly depends on throughput at KGCM with commissioning of mill expansion due early FY27," Ord Minnett says. It thinks Northern Star is entering a higher-risk phase, as this mill expansion approaches completion. Ord Minnett cuts its price target by 3% to A$22.70/share. Northern Star ended last week at A$21.86. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

April 26, 2026 19:15 ET (23:15 GMT)

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