Northern Star Resources (ASX:NST) has maintained its revised FY26 production guidance of over 1.5 million ounces, bolstered by an operational turnaround during the March quarter.
The gold miner reported an underlying free cash flow of $301 million, with net mine cash reaching $426 million, reflecting a period of strengthened liquidity.
During the quarter, the company sold 381,000 ounces of gold, though inflationary headwinds and intensive development activities have impacted cost profiles.
Total growth capital expenditure is now projected to rise between $2.3 billion and $2.4 billion, a shift primarily attributed to cost pressures at the flagship KCGM mill expansion.
The project also influenced the group’s all-in sustaining cost, which reached $2,709 per ounce for the period.
Northern Star has adjusted its FY26 group AISC guidance to a range of $2,600–$2,800 per ounce, while keeping its sustaining capital guidance steady at $750 million.
Managing Director Stuart Tonkin highlighted that the quarter's performance aligns with the company’s trajectory to meet its revised annual targets.
At the time of reporting, Northern Star Resources’ share price was $22.82.