NST +6.04%: A good session from the gold miner today as they delivered December quarter production numbers that were all in order, while they maintained their FY24 guidance across the board. They sold 411,613 oz which was +11% q/q at an all-in sustaining costs/oz A$1,824 which was down -5.9% q/q. They still expect to sell and impressive 1.6-1.75m ounces of gold for the year at an all in sustaining cost/oz A$1,730 to A$1,790, which stacks up well versus a Gold price in AUS terms that is above $3000/oz. They ended the quarter with A$1.089b cash and bullion.
- All in all, a good update from NST and the stock deserved to rally.
MM prefers EVN to NST here and now
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