Northern Star Produces 389Koz of Gold in Q4 2021, Advances Growth Strategy

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(Kitco News) – Northern Star Resources (ASX:NST), a leading global gold miner, today announced that in the December 2021 quarter, the company produced 388,742 ounces of gold, compared to 252 899 ounces produced a year ago.

The company said its operations in Kalgoorlie are proceeding in line with expectations, with a focus on growth led by KCGM’s business.

Yandal is performing in line with expectations and continues to focus on advancing the expansion of the Thunderbox factory.

However, the company noted that Pogo is performing slightly below expectations, with a focus on maintaining the achievements made in the December quarter as the transition to 1.3 Mtpa operating capacity is on track (1.2 Mtpa reached in December), with an increase in mined physics expected to increase. machined quality in the second half.

Northern Star also said its FY22 forecast of 1.55-1.65 Moz at an AISC of A$1,475-1,575/oz is unchanged, with gold production weighted towards the second half of the year. FY22, driven by higher grades at Yandal and higher mining rates at Pogo. Importantly, the AISC should decrease at 2H.

Managing Director Stuart Tonkin commented: “During the quarter, we safely advanced our growth strategy to become a producer of 2Mozpa. We remain on track to meet our FY22 guidance, which incorporates the current WA border closure and associated labor and cost impacts. Our experience at Pogo in Alaska has provided examples of the disruptions we can face in WA and the mitigation
necessary actions to reduce the operational impact.”

Northern Star is a world-class Australian gold producer that owns and operates three world-class gold production centers (Kalgoorlie, Yandal and Pogo), located in potential geological environments in the sovereign low risk jurisdictions of Australia and North America.

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