Northern Star ups sales and lowers costs
PERTH (miningweekly.com) – Gold miner Northern Star has reported an increase in gold sales and a fall in all-in sustaining costs (AISC) for the three months to March.
During the quarter under review, gold sales increased from 142 017 oz in the December quarter to 143 469 oz, while gold sales for the nine-months ended March reached 427 042 oz.
AISC for the March quarter also fell by 5% on the December quarter, to A$985/oz, while AISC for the nine months to March reached A$1 036/oz, which was below the full-year guidance range of between A$1 050/oz to A$1 100/oz.
The reduced costs reflected, in part, lower contracting, labour and supply rates negotiated by Northern Star, with the majority of the savings taking effect in January this year.
MD Bill Beament told shareholders on Wednesday that the March quarter had been an exceptionally strong quarter for the company.
“These results demonstrate that we are achieving outstanding operational outcomes which are translating into strong financial results for shareholders.”
For the full year, Northern Star was tipped to deliver between 535 000 oz and 570 000 oz of gold.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















