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ASX:NST - Gold producer

Northern Star Resources (ASX:NST)

KCGM (Kalgoorlie), Jundee, Carosue Dam, Thunderbox, Pogo, Hemi - WA Goldfields, Alaska

$25.39-2.8%
as of 13 Nov 2026, 4:12 pm
Avg DrillScore-last 10 announcements
Decoded10price-sensitive announcements
Cash runway-$968m cash
Red flags0last 12 months
Avg day-1 move+3.7%after its news
Market cap$36.2bn52w $17.07 - $31.96

NST share price - with every decoded announcement marked

$17$22$27$329 Nov 2026 - KCGM October gold 15.3koz below plan, tracking lower end of 550-650koz; Hemi gets primary approvals21 Oct 2026 - Northern Star Sept quarter: 364koz sold at A$3,217/oz AISC; KCGM commissioning begins28 Sep 2026 - Northern Star rejects non-binding Gold Fields proposal, says it undervalues the company20 Aug 2026 - Northern Star FY26: underlying NPAT A$1.8B on 1.54Moz gold sold; FY27 AISC guidance A$3,050-3,450/oz20 Aug 2026 - Northern Star FY26 profit up 24%, free cash flow down 64%; FY27 gold guided at 1,500-1,650koz20 Aug 2026 - Northern Star FY26 profit up 24% to A$1,664.3m; cash earnings up 1%; final dividend 30 cents29 Jul 2026 - Northern Star June quarter: 433koz sold at A$2,651/oz AISC; KCGM mill expansion starts commissioning2 Jul 2026 - Northern Star names Suresh Vadnagra MD and CEO from 5 October 2026; Stu Tonkin steps down2 Jul 2026 - Northern Star delivers FY26 gold sold of 1,543koz, above revised 1,500koz guidance; AISC due in July10 Jun 2026 - Northern Star letter answers Elliott stake: CEO search under way, no sale process for nowNov 202513 Nov 2026

About Northern Star Resources

Australia's largest ASX-listed gold producer, running three production centres in Western Australia - including the KCGM Super Pit at Kalgoorlie - and the Pogo mine in Alaska. It absorbed De Grey Mining and its large Hemi gold project in the Pilbara in 2025.

ASX code
NST
Commodity
Gold
Stage
Producer
Projects
KCGM (Kalgoorlie), Jundee, Carosue Dam, Thunderbox, Pogo, Hemi
Where
WA Goldfields, Alaska

Decoded

NST announcements, analysed

Project update

KCGM October gold 15.3koz below plan, tracking lower end of 550-650koz; Hemi gets primary approvals

ASX: "Major Growth Projects Update"

Northern Star says the expanded KCGM plant performed variably in October, producing 15.3koz after a 3.5-day maintenance shutdown. KCGM is now tracking toward the lower end of its 550-650koz FY27 range, while group FY27 guidance...

Quarterly

Northern Star Sept quarter: 364koz sold at A$3,217/oz AISC; KCGM commissioning begins

ASX: "September 2026 Quarterly Activities Report"

Northern Star sold 364koz of gold in the September quarter at an all-in sustaining cost (AISC) of A$3,217/oz, up from A$2,651/oz in the June quarter. The KCGM Stage I plant tie-in was completed on 28 September, about two weeks...

Takeover

Northern Star rejects non-binding Gold Fields proposal, says it undervalues the company

ASX: "Response to Media Speculation - Gold Fields Limited"

Northern Star says it received and unanimously rejected a non-binding, conditional indicative proposal from Gold Fields, received on 14 September 2026. The offer was 0.3125 Gold Fields shares plus A$7.25 cash per Northern Star...

Results

Northern Star FY26: underlying NPAT A$1.8B on 1.54Moz gold sold; FY27 AISC guidance A$3,050-3,450/oz

ASX: "FY26 Financial Results Presentation"

Northern Star's FY26 results show underlying NPAT of A$1,789M (up 26%) on 1.54Moz of gold sold, but AISC rose 25% to A$2,698/oz and underlying free cash flow was only A$190M after A$2.5B of capital spending. FY27 guidance is for...

Results

Northern Star FY26 profit up 24%, free cash flow down 64%; FY27 gold guided at 1,500-1,650koz

ASX: "FY26 Financial Results"

Northern Star reported FY26 net profit after tax of A$1,664.3m, up 24%, helped by a 26% higher average gold price. Underlying free cash flow fell 64% to A$190.4m as mine development spending and tax payments rose, and FY27...

Results

Northern Star FY26 profit up 24% to A$1,664.3m; cash earnings up 1%; final dividend 30 cents

ASX: "Appendix 4E"

Northern Star reported profit after tax attributable to members up 24% to A$1,664.3m for the year to 30 June 2026, on revenue up 19% to A$7,623.1m. Cash Earnings rose only 1% to A$2,914.2m, and the FY26 final dividend is 30.0...

Quarterly

Northern Star June quarter: 433koz sold at A$2,651/oz AISC; KCGM mill expansion starts commissioning

ASX: "June 2026 Quarterly Activities Report"

Northern Star sold 433,482oz of gold in the June quarter at an all-in sustaining cost of A$2,651/oz and generated A$443 million of net mine cash flow. Stage 1 of the KCGM mill expansion (to 27Mtpa) has entered commissioning, with...

Announcement

Northern Star names Suresh Vadnagra MD and CEO from 5 October 2026; Stu Tonkin steps down

ASX: "Appointment of Managing Director and CEO"

Northern Star has appointed Suresh Vadnagra, currently Head of Glencore's Nickel and Zinc Industrial Assets and formerly Newcrest's Chief Technical and Projects Officer, as managing director and CEO from 5 October 2026. Stuart...

Earlier

Money

Cash, burn and dilution

QuarterCashOperating CFOutgoingsRunwaySharesGold ozAISC
Sep 2026$968m$809m--1,425m363,891A$3,217
Jun 2026$1.2bn$3.2bn---1,540,000-
Jun 2026$1.0bn$3.2bn---1,543,406A$2,698
Jun 2026$1.0bn$1.2bn--1,425m433,482A$2,651
Jun 2026$1.3bn----433,000-

Price reactions

How NST moved after its news

Day-1 move after each decoded announcement, from the last close before the market could trade on it.

Average day-1 move by type

Financial results+6.2%3 announcements
Quarterlies+2.0%2 announcements
Other news+1.0%2 announcements
Project updates+0.8%1 announcement
Takeovers+6.2%1 announcement
Production+5.5%1 announcement

Historical pattern

What happened after news like NST's latest

Based on KCGM October gold 15.3koz below plan, tracking lower end of 550-650koz; Hemi gets primary... (9 Nov 2026): what share prices did after past results like it, from DrillScore's own records. It describes the past: it isn't a forecast for NST and it isn't advice.

News like thisMixed news No clear lean

After 39 other announcements read as 'mixed', stocks moved +0.6% by day 1, +0.8% by day 5 and +0.7% by day 20 against the XGD on average.

Day 1
+0.6%
Day 5
+0.8%
Day 20
+0.7%
39 results, against the XGD
NST's own record9 earlier announcements No clear lean

After its earlier announcements, NST moved +1.2% by day 1, +0.6% by day 5 and +1.9% by day 20 against the XGD on average.

Day 1
+1.2%
Day 5
+0.6%
Day 20
+1.9%
9 results, against the XGD
The market nowXGD +0.1% in 20 days Leaned down

Over the last 20 trading days the XGD gold index moved +0.1% (steady). After 13 past gold announcements released into a steady gold index, stocks moved +1.0% by day 1, -1.2% by day 5 and +13.7% by day 20 on average - before taking the market's own move out.

Day 1
+1.0%
Day 5
-1.2%
Day 20
+13.7%
13 results, raw moves

A strand leans up or down when its day-5 average is 1% or more either way. Each is shown on its own and never added up into a prediction: small samples swing, and every result is different. The full backtest - how it's worked out

Investors

Experiences with NST

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Questions

NST in brief

What does Northern Star Resources mine?

Australia's largest ASX-listed gold producer, running three production centres in Western Australia - including the KCGM Super Pit at Kalgoorlie - and the Pogo mine in Alaska. It absorbed De Grey Mining and its large Hemi gold project in the Pilbara in 2025.

What was NST's latest price-sensitive announcement?

On 9 Nov 2026 NST released "Major Growth Projects Update". In plain English: KCGM October gold 15.3koz below plan, tracking lower end of 550-650koz; Hemi gets primary approvals. It had no new drill results, so no DrillScore; DrillScore read its signal as mixed. Read the full analysis.

How much cash does NST have?

NST reported $968m in cash at 30 September 2026.

How does NST's share price react to announcements?

Across 10 decoded price-sensitive announcements, NST's average day-1 move was +3.7%, rising 9 times and falling 1 times. Past reactions don't predict future ones.

Is NST a gold or a copper stock?

Northern Star Resources is a gold producer with operations in WA Goldfields, Alaska. See all ASX gold stocks.

Where can I read NST's announcements?

Every price-sensitive NST announcement is decoded on this page within minutes of release, with a link to the original document. DrillScore's analysis is general information, not advice.

General information only - not financial advice. DrillScore's analyses are produced automatically by an AI model (Claude, by Anthropic) from the company's own ASX announcement and public market data, and scored by a fixed formula (how it works). They can be wrong or incomplete, don't consider your objectives or circumstances, and are not a recommendation to buy, sell or hold anything. Always read the original announcement and consider advice from a licensed adviser.

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