NST 0.38% $15.90 northern star resources ltd

Focus for FY23Northern Star is adding to its growth pipeline...

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    Focus for FY23
    Northern Star is adding to its growth pipeline while responsibly advancing its strategic aspirations and purpose to deliver superior returns to shareholders. The Company is closely managing its costs in this inflationary environment and will continue to adopt an agile and prudent approach to portfolio optimisation and capital growth expenditure.Northern Star’s financial position remains strong, with net cash of A$528 million. The Company’s FY23 growth program is fully funded and aligns with our capital management framework of allocating capital to those projects that deliver superior returns.The Company is well positioned to deliver 1,560koz – 1,680koz gold at an AISC of A$1,630-1,690/oz in FY23. Gold sold is expected to be weighted towards 2H as a result of the scheduled ramp up of the Thunderbox mill expansion.Northern Star’s Group capital expenditure (sustaining, growth, exploration) for FY23 is forecast to be at similar levels to FY22.
    Copy and paste from the report
 
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