June 22 (Reuters) - Northern Star Resources Ltd (NST) :
- ANNOUNCE BOARD APPROVAL FOR DEVELOPMENT OF A$1.5 BILLION KCGM MILL EXPANSION PROJECT
- APPROVES A$1.5 BILLION KCGM MILL EXPANSION PROJECT TO INCREASE AND MODERNISE KCGM'S PROCESSING CAPACITY FROM 13MTPA TO 27MTPA
- 3-YEAR CONSTRUCTION PHASE COMMENCED WITH LONG-LEAD ITEMS ORDERED; RAMP-UP FROM FY27 TOWARDS STEADY-STATE OF 27MTPA BY FY29
- DEVELOPMENT FULLY FUNDED FROM CASH ON HAND, FORECAST CASH FLOW - DIVIDEND POLICY MAINTAINED
- PROJECT WILL DELIVER SUSTAINED LOWER COST BASE AND SIGNIFICANT INCREASE IN FREE CASH FLOW
- NO CHANGE TO FY26 PROFITABLE GROWTH STRATEGY
- NORTHERN STAR RESOURCES LTD SEES REVENUE AND FREE CASH FLOW INCREASES FROM FY27 AS RAMP-UP COMMENCES ENROUTE TO REACHING 27MTPA IN FY29
- NORTHERN STAR RESOURCES SEES CASH EARNINGS, EBITDA AND NET PROFIT ALL INCREASE AND GROUP AISC DECREASES UPON PROJECT COMPLETION AND RAMPUP FROM FY27
News: NST Northern Star Resources Says Approval For Development Of A$1.5 Bln KCGM Mill Expansion...
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