Northern Star Resources Ltd (OTCPK:NESRF)
$ 10.725 -0.4482 (-4.01%) Market Cap: 12.51 Bil Enterprise Value: 13.02 Bil PE Ratio: 29.30 PB Ratio: 2.11 GF Score: 96/100

Q1 2022 Northern Star Resources Ltd Activities Report Call Transcript

Oct 19, 2021 / 12:00AM GMT
Release Date Price: $7.13 (+0.71%)
Operator

Thank you for standing by, and welcome to the Northern Star September 2021 Quarter Results Call. (Operator Instructions) I would now like to hand the conference over to Mr. Stuart Tonkin, Managing Director. Please go ahead.

Stuart Peter Tonkin
Northern Star Resources Limited - CEO, MD & Director

Good morning, and thanks for joining us. With me today is Chief Operating Officer of Australian Operations, Simon Jessop; and Chief Financial Officer, Morgan Ball.

I am pleased to report quarter 1 production of 386,000 ounces at an all-in sustaining cost of AUD 1,594 an ounce. This stemmed from a simplified portfolio with the divestment of Kundana assets completed during the quarter.

At the same time, our growth projects are proceeding well at our long life key production centers of Kalgoorlie, Yandal and Pogo.

During the quarter, we outlined a clear 5-year strategy of active portfolio management designed to deliver superior shareholder returns by growing production to 2 million ounces per annum, lowering costs and extending mine lives

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