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Northern Star Resources Ltd.
Summary
| Project: | Pogo | |
|---|---|---|
| Deposit: | Goodpaster | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-10-2019: Northern Star Resources Ltd. announces an Exploration/Drilling Update report for its Goodpaster deposit at the Pogo project. Drilling results incl. 0.3m @ 588.7g/t Au from 589.2m. Northern Star Resources Limited (ASX: NST) is pleased to report | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Mulroney (Internal) | |
| ABSTRACT: | Northern Star Resources Limited (ASX: NST) is pleased to report that its Australian operations recorded a strong performance in the September quarter while the Company made more significant progress with the growth strategy at its Pogo gold mine in Alaska. The strong production performance in Australia enabled Northern Star to generate underlying free cashflow of A$28 million in the September quarter despite investing ~A$43 million in growth capital and exploration. This led to the Company’s holdings of cash, bullion and investments rising A$11 million to A$372 million over the quarter. The Australian operations performed comfortably within the Company’s annual guidance range, with gold sales of 155,043oz at an all-in sustaining cost (AISC) of A$1,250/oz (US$858/oz). The results from the Jundee Operations were particularly outstanding. The total gold mined was 105,265oz with sales of 81,427oz at an AISC of A$985/oz (US$676/oz). In addition, ore stockpiles grew by 11,268oz to 45,668oz, predominantly from Ramone open pit mining. | |
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