Northern Star ready for FY26

Northern Star had a strong finish to FY25, with the miner safely delivering its revised guidance, which included new milestones of 1.63moz gold sold and net mine cash flow of $1,189m.  

As the Kalgoorlie Consolidated Gold Mines (KCGM) operation enters its final build year, Northern Star expects FY26 gold sold to be in the range of 1,700-1,850koz.  

KCGM is forecast to deliver 550-600koz, with underground mined volumes at 3mtpa, while open pit mining productivity is forecast to increase throughout the year as mining in Golden Pike North returns to one mining horizon by H2 FY26. 

Northern Star managing director Stuart Tonkin comments on the results. 

“The June quarter completes a constructive year of growth investments to position our largest asset, KCGM, for sustained future success,” he said. 

“We remain committed to unlocking the full potential of our production centres and are confident the investments made during FY25, including the acquisition of the Hemi deposit, will deliver significant value for shareholders. 

“For FY25, our team safely delivered our revised guidance, which included new milestones of 1.63moz gold sold and net mine cash flow of $1,189m. 

“With the KCGM mill expansion project well advanced and tracking to plan, we will wind down our gold price hedging, reflecting the confidence in our outlook and balance sheet. 

“Our team continues to work diligently to balance short-term delivery with setting the business up to achieve long-term goals. 

“With an increased focus on productivity and cost control, we are well positioned to responsibly and profitably grow our production footprint and cash flow margins.”