NESRF - Northern Star Resources: A Strong Start To The Year For Pogo
- Northern Star Resources reported its fiscal Q1 results last week and reported quarterly gold sales of ~227,500 ounces, above its guidance range.
- The company's Pogo Mine in Alaska had a strong quarter, with the lowest all-in sustaining costs in over a year, due to a sharp increase in gold production.
- During fiscal Q1, the company announced its intention to merge with Saracen Mineral, a deal that would create a new Tier-1 jurisdiction senior gold producer.
- While I do not see Northern Star as a top-10 gold producer, given its above-average costs, I believe that the combined entity would be a top-5 gold producer in the sector if the deal is successful.
For further details see:
Northern Star Resources: A Strong Start To The Year For Pogo