Northern Star Resources Limited (NST) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Northern Star September 2025 quarterly results call. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. Stuart Tonkin, Managing Director and CEO. Please go ahead. Good morning and thank you for joining us today. With me on the call is our Chief Financial Officer, Ryan Gurner, and our Chief Operating Officer, Simon Jessup. As we confirmed this morning, for the September quarter, we sold 381,000 ounces of gold at an all-in sustaining cost of Australian dollars, $2,522 an ounce. The quarter delivered a mixed performance across the portfolio. but our Kalgoorlie production hub performed very well, led by KCGM, where we maintained elevated production and development rates. Also, pleasingly, costs for the quarter were better than forecast, reflecting our efforts on containing spending and continued focus on capital discipline. Despite the mixed production results for the quarter, we remained well positioned to deliver our four-year guidance of 1.7 to 1.8 million ounces of gold sold at an all-in-sustaining cost of $2,300. AU$2,700 an ounce. The KCGM mill expansion remains on track for commissioning in early FY27 and significant progress is underway for this exciting step change to the operation. This week we received ministerial approval from the WA Government for the Finsden South project and associated infrastructure, which supports high future throughput and long-term cost efficiency at KCGM to deliver sustainable high margin ounces. We've also seen a consistent uplift in production rates from b...