NESRF - Northern Star Resources Limited (NESRF) Q2 2025 Earnings Call Transcript
2025-01-20 22:18:06 ET
Northern Star Resources Limited (NESRF)
Q2 2025 Earnings Conference Call
January 20, 2025, 05:00 PM ET
Company Participants
Stuart Tonkin - MD and CEO
Simon Jessop - COO
Ryan Gurner - CFO
Conference Call Participants
Andrew Bowler - Macquarie
Levi Spry - UBS
Kate McCutcheon - Citi
Alex Barkley - RBC
Ben Lyons - Jarden Securities Limited
Matthew Frydman - MST Financial
Paul Kaner - Ord Minnett
Hugo Nicolaci - Goldman Sachs
Alistair Harvey - JPMorgan
Presentation
Operator
Thank you for standing by, and welcome to the Northern Star December 2024 Quarterly Results. All participants are in a listen-only mode. There will be a presentation, followed by a question-and-answer session. [Operator Instructions]
I would now like to hand the conference over to Mr. Stuart Tonkin, Managing Director and CEO. Please go ahead.
Stuart Tonkin
Thank you very much. Happy New Year, everyone, and good morning, and thank you for joining us today. The December quarter was a very busy quarter for Northern Star. We continue to advance projects to further strengthen the asset base, to position us well for significant growth in free cash flow generation.
Operationally, we had some key standouts, particularly with increased milling performance across a number of our sites, resulting in 410,000 ounces sold at an all-in sustaining cost of A$2,128 an ounce. Our team continues to focus on operational performance, cost control and capital discipline, to create additional value for our shareholders.
With the first half delivered, we remain on track, with stronger second half weighting to deliver our full year production and cost guidance. The business is in good shape, to deliver for our shareholders tremendous leverage to increase gold prices. Financially, Northern Star is an exceptional position, with an investment-grade balance sheet that is net cash at the end of the quarter, with ability to fund all our capital management initiatives.
As I mentioned, it's been a busy quarter for our team, and I thank them all for their efforts. At KCGM, we completed the East Wall remediation and advanced the mill expansion project. We have three portals. We commenced to provide access to higher-margin underground ounces, both at KCGM and Carosue Dam. And at Jundee, the renewables energy project was fully commissioned, providing a long-term strategic power solution, and reducing our carbon intensity....
Northern Star Resources Limited (NESRF) Q2 2025 Earnings Call Transcript