NESRF - Northern Star Resources: Meet The Newest Senior Gold Producer
- Northern Star Resources released its fiscal Q2 2021 results earlier this month, reporting near-record gold production of 247,600~ ounces.
- The company's merger with Saracen has finally been approved, and the combined entity is set to catapult itself from intermediate producer to senior producer status as of FY2021.
- This is great news for Northern Star shareholders, and we should see significant margin improvement with Saracen's lower-cost operations and synergies from the deal set to drag down consolidated costs.
- Based on the recent merger, I see Northern Star as a top-10 gold producer, and I would view any pullbacks below US$8.85 as low-risk buying opportunities.
For further details see:
Northern Star Resources: Meet The Newest Senior Gold Producer