Northern Star Resources NST Gold producer

[trackers]

Pretty happy buying in at these prices (just missed in the 90's last year). Sign of an unloved gold sector with FOMC signalling an end to QE in 2013?

[trackers]

Production up, costs down,
expansion to 100,000ozpa complete
Northern Star set to generate $65m-$85m surplus cash this year
Highlights

Highly successful December Quarter at Paulsens Gold Mine
delivers increased production and lower cash costs:
• 26,940oz mined and 20,515oz recovered
• 19,728oz sold at $1,665/oz for $32.9M revenue
• Cash cost $604/oz (includes royalties), total cost $909/oz
• Mining grade up 16%, processing grade up 12% to 7.7gpt

Strong December Half with 40% jump in key performance
indicators from June Half:
• 50,252oz mined and 39,230oz recovered
• 43,267oz sold at $1,619/oz for $70.0M revenue
• Cash cost $640/oz (includes royalties), total cost $899/oz
• Mining grade up 6%, processing grade up 15% to 7.3gpt

Paulsens expansion to +100,000ozpa successfully completed on
budget, with mill now running at 450,000tpa

Numerous half-yearly records achieved for mine physicals:
• 254,774 tonnes mined, 33% above previous record
• 3,231 metres of development, 33% above previous record
• 179,825 tonnes processed, 5% above previous record

Mining physicals hit 500,000tpa rate ahead of schedule:
• 325% increase in stockpiles from June Half to 102,022 tonnes
of ore containing 10,777oz

$1.9M in savings for the Quarter due to efficiency of Northern
Star’s own Mining Services Division compared to previous
contractor’s rates, with an overall year on year productivity
improvement of 78% in ore tonnes mined

Invested $11M in exploration and abnormal items in Dec Qtr:
• $4.0M – Exploration
• $7.0M – 100,000oz pa one-off expansion capital

Cash, Bullion and Investments of $62M

[tricha]

Production up, costs down,
expansion to 100,000ozpa complete
Northern Star set to generate $65m-$85m surplus cash this year
Highlights
Highly successful December Quarter at Paulsens Gold Mine
delivers increased production and lower cash costs:
• 26,940oz mined and 20,515oz recovered
• 19,728oz sold at $1,665/oz for $32.9M revenue
• Cash cost $604/oz (includes royalties), total cost $909/oz
• Mining grade up 16%, processing grade up 12% to 7.7gpt
Strong December Half with 40% jump in key performance
indicators from June Half:
• 50,252oz mined and 39,230oz recovered
• 43,267oz sold at $1,619/oz for $70.0M revenue
• Cash cost $640/oz (includes royalties), total cost $899/oz
• Mining grade up 6%, processing grade up 15% to 7.3gpt
Paulsens expansion to +100,000ozpa successfully completed on
budget, with mill now running at 450,000tpa
Numerous half-yearly records achieved for mine physicals:
• 254,774 tonnes mined, 33% above previous record
• 3,231 metres of development, 33% above previous record
• 179,825 tonnes processed, 5% above previous record
Mining physicals hit 500,000tpa rate ahead of schedule:
• 325% increase in stockpiles from June Half to 102,022 tonnes
of ore containing 10,777oz
$1.9M in savings for the Quarter due to efficiency of Northern
Star’s own Mining Services Division compared to previous
contractor’s rates, with an overall year on year productivity
improvement of 78% in ore tonnes mined
Invested $11M in exploration and abnormal items in Dec Qtr:
• $4.0M – Exploration
• $7.0M – 100,000oz pa one-off expansion capital
Cash, Bullion and Investments of $62M

I bought in today, became cheap with the sell off.

Became cheaper with this

http://www.stocknessmonster.com/news...E=ASX&N=625481

[Joshuatree]

Some fantastic cheap quality Goldies going.Still havnt bought NST , hope to. Got a few KCN today, against my better judgement ; i don't have any idea if the bottom has been reached. KCN has a much higher div and reporting re friday.
Been a mass exodus from Goldies plus huge shorting going on.Technically some people think $1550 is where Gold will get to. Ironically PGI has been more stable price wise lately.So sold a few(today i think) to get KCN and yield. Goodluck and youll know when youve been to the bottom, because the bottom is firm

[Joshuatree]

Gold $1563 atp , Tin Hats on guys; Hunker in the Bunker. Goodluck

[tricha]

Why batten down the hatchs, the US $ is worth nothing, the biggest prymaid scheme in history.

NST has cash, low costs, no debt and exceptional prospects. The market is giving everyone a rare opportunity to buy discounted shares.

Be greedy when others are fearful!

[Joshuatree]

Maybe tomorrow.

[tricha]

Maybe tomorrow.

Tomorrow is to late.

This company's new drilling results, are fantastic .

[Joshuatree]

Never too late mate. Theyve prob had a dozen great results since march last year when they hit 3390g/t. i intend to get some NST at some point, it took the whole day plus yest for me to sell some PGI at my price, so may b next week, but am wary where Gold is going atm. Great company at great prices. Have an enjoyable weekend.

[tricha]

Never too late mate. Theyve prob had a dozen great results since march last year when they hit 3390g/t. i intend to get some NST at some point, it took the whole day plus yest for me to sell some PGI at my price, so may b next week, but am wary where Gold is going atm. Great company at great prices. Have an enjoyable weekend.

Hmm, next week might be a tad late to be in the safety zone. Depends on the gold price.

There is an updated broker report maintaining them as a buy. Not that I hold much faith in brokers, but it confirms my view in this case.

Happy hunting!


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