NST -0.11%: it’s been a busy few months for gold miner Northern Star and it looks to have taken some focus off their production to kick off FY22. With a new CEO in place & a big dream of 2moz/yr in his 5 year plan, plenty of little deals have been taking place but gold production fell in the first quarter. A total of 386koz of gold was sold at an average price of $2,345/oz, costing them $1,594/oz – a healthy margin but well below where they finished in FY21. Northern Star did maintain guidance, and traded largely inline with gold peers today.
MM is bullish NST
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