NESRF - Northern Star Resources: A Blowout Quarter To Finish The Year
- Northern Star Resources released its fiscal Q4 results last month, reporting gold production of ~450,700 ounces, a 68% increase year-over-year benefiting from the Saracen merger.
- This allowed the company to meet FY2021 guidance of ~1.6 million ounces, with costs coming in at the high-end of the guidance range of A$1,455/oz.
- Following the merger, Northern Star remains out of favor near 52-week lows, which makes little sense given the quality of its portfolio, and its organic growth potential.
- I continue to see a Northern Star as a top-10 gold producer, and I see this pullback below US$7.40 as a low-risk buying opportunity.
For further details see:
Northern Star Resources: A Blowout Quarter To Finish The Year