Ann: Investor Presentation, page-49

Because it still making a profit.

NST ran lean from the start.

Northern Star had all-in sustaining costs (AISCs) of $1,043 per ounce.

Northern Star has little or very small debt

Growth
Northern Star’s systematic purchase of mines from Barrick Gold Corporation(NYSE: ABX) has transformed the company into Australia’s second largest ASX-listed gold miner. With the mines now contributing to ongoing production, Northern Star’s focus is on extending mine life rather than seeking out potentially risky acquisitions.

Fact is NST is a very run ship. The board is solid as oak ! This guys should be award for running a good ship and their share prices reflect this even with gold being down !