Northern Star Resources (NST)

Northern Star Resources is a gold production company which owns and operates the Paulsens, Plutonic and East Kundana gold mines in Western Australia. The combined operations for the group produce +300kozpa at all in sustaining cost of A$1,050/oz. Northern Star Resources (NST) has continued it acquisition rampage with the binding agreement to purchase Newmont’s Jundee goldmine in Western Australia for A$82.5m. On the face of it this acquisition appears to be good value, though we believe the timing of acquisition only exacerbates the markets concern as to whether NST will integrate its new assets without any issues.
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