NORTHERN STAR ACQ.A-,0001

Northern Star has appointed Suresh Vadnagra, formerly at Glencore, as its new CEO; he will take up the role on October 5. Michael Ashforth will replace Michael Chaney as chairman after the annual general meeting in November. The leadership changes follow pressure from activist investor Elliott, which disclosed a stake of more than A$1 billion and called for a restructuring to boost shareholder value. Northern Star’s shares are down about 23% year-to-date in 2026, also affected by falling gold prices. » Altro su de.investing.com

Northern Star Resources reported Q2 FY26 gold sales of 348,000 ounces and has revised its FY26 production guidance to 1.6–1.7 million ounces. The company shows a strong liquidity position with about AUD 1.18 billion in cash and gold inventories and reported operating cash flow of AUD 738 million. Operational challenges at KCGM and Thunderbox pressured production, while the KCGM mill expansion is underway with planned commissioning in early FY27. For FY26 Northern Star expects AISC of $2,600–2,800/oz (Q2 AISC $2,937/oz) and continues to pursue projects like Hemi to drive growth. » Altro su de.investing.com