Northern Star Resources ASX: NST - Under The Radar Report

What does Northern Star Resources do?

The company has emerged as one of Australia's biggest gold producers.

It started off as a one mine story, with its Paulsens Mine in Western Australia, and now has operations in five areas, four in Western Australia and Tanami gold camp in the Northern Territory, and now a major investment in Pogo, Alaska.

As a result of these investments and tThis he recent acquisition of Echo Resources, Northern Star (NST ASX) has substantial medium term production growth opportunities.

Northern Star has increased Reserves rapidly over the years to 5.4m oz in FY19, with Measured, Indicated & Inferred resources of 21m oz, up from 10m in 2017.

Is Northern Star a buy?

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Gold Deposits

Northern Star Resources Limited has a portfolio of gold deposits and high-quality refined gold. It is a global leader in the processing of gold deposits.

Who owns Northern Star Resources Limited?

Northern Star Resources Limited (NST) is listed on the ASX and is one of the major gold ASX stocks. NST has been our top performing stocks delivering big returns for our subscribers. We first tipped it when it was still a small company.

We first tipped NST at $0.83 in 2012.

It now trades over $13! It's market cap is $14.7 billion. Read all our data and analysis now plus Access our latest Best Stocks to Buy table of 10 Small Cap companies now!

Dividend Yield

Northern Star Resources Limited NST has a dividend yield of 2.6% and forecast fully franked dividends of 24 cents. It's share price is over $13.00.

Management and Directors

Michael Chaney AO is the company Chairman and commenced in 2021. Stuart Tonkin is the Managing Director and CEO since 2013. Mr Tonkin is a mining engineer with more than 25 years’ experience working in the underground hard-rock mining industry.

The company focus is on gold production from three world class mining production and maintaining low cost operations with assets with a significant mine life.

Is NST a buy or sell?

Since we last tipped Northern Star Resources ltd in October (Issue 521) the stock has returned 50% and has consistently been one of Under the Radar Report’s best performing stocks over the long-term. Our analyst discusses why he predicts this to continue. Before you invest or trade your NST Shares read our latest research by our top performing Gold analyst.

Development mining and processing

NST has two production initiatives, a $1.5bn mill expansion at the Kalgoorlie Super Pit, near Kalgoorie, WA and an acquisition of additional resources feed for Jundee, within its Yandal Production Centre, also in WA, just north of Kalgoorlie. By FY26 total gold production will be 2m ounces a year, compared with close to 1.6m ounces this year, which also includes its Pogo mine in Alaska, US.

The mill expansion will take three years and more than double processing capacity to 27m tonnes a year. The super pit is one of the world’s largest gold mines with a Mineral Resource of 28.3m ounces, an ore reserve of 12.2m ounces and a 20 year mine life. This will lead to a material increase in cash flow, resulting in more dividends.

The expanded processing rate of 27m tonnes a year will comprise 6-10m tonnes a year from the open pit (Super Pit), 4-8m tonnes a year from the Mt Charlotte underground and 8-10m tonnes a year from previously stockpiled ore inventory comprising 120m tonnes at 0.7g/t.