2024-01-23 22:55:07 ET
Northern Star Resources Limited (NESRF)
Q2 2024 Earnings Conference Call
January 23, 2024 5:00 PM ET
Company Participants
Stuart Tonkin - Managing Director and Chief Executive Officer
Simon Jessop - Chief Operating Officer
Ryan Gurner - Chief Financial Officer
Conference Call Participants
Hugo Nicolaci - Goldman Sachs
Daniel Morgan - Barrenjoey
Hayden Bairstow - Argonaut
Ben Lyons - Jarden Securities Limited
Alex Barkley - RBC Capital Markets
Alexander Papaioanou - Citigroup Inc.
Matthew Frydman - MST Financial
Levi Spry - UBS Group AG
Presentation
Operator
Thank you for standing by, and welcome to the Northern Star Resources December 2023 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 and good morning. With me today is Chief Operating Officer, Simon Jessop and our Chief Financial Officer, Ryan Gurner. I am pleased to present a strong December quarter performance positioning Northern Star for growth in production and cash flows in the second half of FY 2024 as planned. Each of our production centers contributed excellent progress towards our profitable growth strategy during the quarter with a number of highlights that Simon and Ryan will cover shortly.
We sold 412,000 ounces of gold at an all-in-sustaining cost of A$1,824 an ounce, generating underlying free cash flow of over A$100 million. We maintain our full-year production guidance for costs as well 1.6 to 1.75 million ounces at an all-in-sustaining cost of A$1,730 to A$1,790 an ounce, with a strong H2 outlook delivering gold sales into a very healthy gold price, currently above A$3,000 an ounce.
We remain financially resilient in a net cash position of A$238 million, with strong liquidity of A$2.5 billion and strong cash flows which funds all of our growth investments, exploration activities and dividends....
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Northern Star Resources Limited (NESRF) Q2 2024 Earnings Call Transcript