Northern Star Resources Limited (NST) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

you for standing by and welcome to the Northern Star March 2026 quarterly results. 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 Compton, Managing Director and CEO. Please go ahead. Good morning and thank you for joining us today. With me on the call is Chief Financial Officer Ryan Gurner and Chief Operating Officer Simon Jess. As previously announced, in the March quarter, gold sold totaled 381,000 ounces. And today we announce the delivery of those ounces at an all-in sustaining cost of Australian dollars, $2,709 per ounce. This improved operational performance exiting the quarter has delivered high-margin ounces to generate group underlying free cash flow of $301 million. More specifically, we are prioritising cash flow at KCGM by accelerating volumes from the high-grade Golden Pike zone during current mill constraints. At Dundee, the operational review is underway, and across Thunderbolts and Pogo, we've seen gold grades improve. With this improved performance and high-grade ROM stockpiles at KCGM, the company is forecast to deliver its revised FY26 production guidance of above 1.5 billion ounces. As previously disclosed, this outlook remains particularly dependent on melt throughput at KCGM, with both downside and upside potential. Total growth capital expenditure for FY26 remains unchanged. with revisions to the KCGM Mill Expansion Project and Operational Readiness CAPEX. The KCGM Mill Expansion Project remains on track for commissioning in early FY27, and pleasingly the project started transitioning from constructio...