Northern Star Resources Limited (NST) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Northern Star June 2026 Quarterly Results Conference 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 1 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 on the call today. With me on the call is Chief Financial Officer Brian Gurner, Chief Technical Officer Steve McClare and Acting Chief Operating Officer Jim Coxon, whilst Simon Jessup is out of country. I'd like to begin with the most significant highlight for the company in the recent period. The Phimison expansion project is complete. Commissioning is underway, with plans high-end and ramp-up to follow in the coming months. I can't understate how important this milestone is to the business at this time, and I'd like to acknowledge and thank our people and contracting partners who have completed this project on time and to a very high quality over the past three years. The KCGM of the cornerstone asset of Northern Star, now set with production increasing, capital spend decreasing coupled with a reducing hedge bulk, all point to significant cash generation in the near term driving increased shareholder returns. During the June quarter, we sold 433,000 $2,698 an ounce. All three production centres generated positive net mine cash flow, delivering more than $1.1 billion for the year. Pleasingly, operational improvements were evident across the portfolio, with record mining rates at KCGM, stronger milling performance at Jundi, record quarterly sales at Thunderbox, and another outstanding c...