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