Northern Star Resources is entering the second half of the 2025–26 financial year (FY26) with a clear pathway to high-margin production, having successfully addressed a series of operational challenges late in the December 2025 quarter.
While the company has adjusted its annual production guidance to 1.6–1.7 million ounces of gold to reflect these short-term maintenance events, its underlying asset portfolio continues to demonstrate significant resilience and future potential.
Optimism for the remainder of 2026 is underpinned by strong performance in key areas.
Mining at KCGM’s high-grade Golden Pike North area in Western Australia has progressed well, building a substantial ore stockpile ready for processing in the second half.
In addition, the flagship KCGM mill expansion project remains firmly on track for commissioning in early FY27, representing a change in production volume and cost efficiency.
Recovery is already evident across the Northern Star portfolio, with South Kalgoorlie returning to normalised underground mining and the Kalgoorlie processing plant resuming normal operations this month.
With a first-half sales total of close to 729,000 ounces and cost-focused initiatives already implemented at Thunderbox, Northern Star is strategically positioned to leverage rising gold prices and its strong net cash position to deliver strong operational performance in the months ahead.
