Bill Cara

Cara Community GSM 50: Northern Star

Northern Star Resources (OTC: NESRF) reviewed 10-03-2020

Market Cap:       $7.4 B (USD)

Share Price:        $9.94 (USD)

Shares outstanding: 740,961,000

Cash and equivalent: $770 M (AUD) at 30 Jun 2020

Long-term Debt: $700 M (AUD) at 30 Jun 2020

Current operations: Yes

Insiders: 1.63%

Institutional: 169 holders at 48%

Website: nsrltd.com

Investor Presentations: https://www.nsrltd.com/investor-media/presentations/

CEO: Bill Beamant

Operates in Northern Goldfields region of Western Australia: Jundee (underground), Kalgoorlie (three producing mines using open-stope), and Pogo (Alaska)

Sold 262,717 Au oz during Q2 2002 at AISC of $969 (USD)

Dividend 0.14 cents (USD) with yield of 1.37%

Held 1.7 Million oz in stockpile at 30 June 2020

Hedge book stated at 15% of next three years’ production

Growing via acquisitions, recently acquired Echo Resources which owns the Yandal gold project, 28.6 million tons at 2 g /ton for 1.8 million oz Au. Represents $3.42 Billion worth of gold for $242 Million paid for the asset

Bottom line:

  • Emerging major with three large mines producing 850,000 Au oz annual and Reserves of 10 Million Au oz & 30 M oz resources. AISC below $1000 (USD). Likely to become a very large company
  • Not presently invested, but considering it