Paulsens delivers cost savings for Northern Star
PERTH (miningweekly.com) – Junior gold-mining company Northern Star Resources has lowered its cash operating costs for the three months ending September by 16%, while head grade was up 12.5% on the previous quarter.
The gold miner on Wednesday announced that cash costs for the quarter was down to A$671/oz, from the A$795/oz reported in the three months to June.
Gold mined from the Western Australian Paulsens project remained flat at 28 269 oz during the quarter, compared with the 28 681 oz delivered in the previous three months. However, Northern Star reported that grades at Paulsens were up by 12.5%.
The miner recovered some 26 009 oz during the quarter.
The company remained on track to produce between 100 000 oz and 115 000 oz of gold during the full 2014.
MD Bill Beament said on Wednesday that the results for the September quarter highlighted the company’s credentials as a gold miner with a strong reliable production, low costs and strong cash flow.
“This performance is consistent with our objective of ensuring that Northern Star is one of the most desirable ASX-listed gold stocks for institutions. We continue to deliver robust margins, strong dividend yields and growth through exploration – all within the backyard of Western Australia.”
During the quarter under review, Northern Star continued its underground diamond drilling at Paulsens, and announced an updated mineral resource of 2.9-million tonnes, at 5.7 g/t for 532 000 oz. Some 91% of the current resource was classified as measured and indicated.
This resource upgrade has reinforced Northern Star’s five-year mine plan at Paulsens.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...
VISIT SHOWROOM
CMTS is a leading, well-established EC&I contractor with 37+ years of mining and industrial experience. We execute full-scope EC&I projects with...
VISIT SHOWROOM
Press Office
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
