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Northern Star Resources Limited (NST) Report Analysis

Corporate Events

Neutral

Northern Star Resources Limited - Special Call

2022-06-24 08:17:00

To cover key findings from Pre-Feasibility Study

Positive

Black Cat Syndicate Limited (ASX:BC8) completed...

2022-06-15 00:00:00

Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Western Tanami Gold Project from Northern Star Resources Limit...

Positive

Black Cat Syndicate Limited (ASX:BC8) acquired ...

2022-06-15 00:00:00

Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Paulsens Gold Operation from Northern Star Resources Limited (...

Neutral

Northern Star Resources Limited Affirms Product...

2022-04-26 23:00:00

Northern Star Resources Limited affirmed production guidance for the year 2022. For the year, expected the group production of 1.55 million to...

Positive

Black Cat Syndicate Limited (ASX:BC8) entered i...

2022-04-13 00:00:00

Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Paulsens Gold Operation from Northern Star Resources Limited (...

Positive

Black Cat Syndicate Limited (ASX:BC8) entered i...

2022-04-13 00:00:00

Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Western Tanami Gold Project from Northern Star Resources Limit...

Neutral

Northern Star Resources Limited to Report Q3, 2...

2022-04-06 05:11:00

Northern Star Resources Limited announced that they will report Q3, 2022 results on Apr 27, 2022

Neutral

Northern Star Resources Limited, Q3 2022 Earnin...

2022-04-06 05:11:00

Northern Star Resources Limited, Q3 2022 Earnings Call, Apr 27, 2022

Negative

Northern Star Resources Limited Announces Ralei...

2022-03-30 23:43:00

Northern Star Resources Limited announcement titled "Director Resignation" dated 22 September 2021, at the time Raleigh Finlayson retired as E...

Positive

Northern Star Resources Limited Announces Frank...

2022-02-09 21:23:00

Northern Star Resources Limited announced franked distribution of AUD 0.10000000 per unit for the six months ended December 31, 2021. Ex date ...

Neutral

Northern Star Resources Limited Provides Produc...

2022-02-09 21:23:00

Northern Star Resources Limited provided production guidance for the year 2022. For the year, the company reported gold production to be in th...

Neutral

Northern Star Resources Limited to Report First...

2022-02-01 04:44:00

Northern Star Resources Limited announced that they will report first half, 2022 results on Feb 10, 2022

Neutral

Northern Star Resources Limited, H1 2022 Earnin...

2022-02-01 04:44:00

Northern Star Resources Limited, H1 2022 Earnings Call, Feb 10, 2022

Positive

Northern Star Resources Limited (ASX:NST) compl...

2021-12-01 00:00:00

Northern Star Resources Limited (ASX:NST) entered into binding sale agreement to acquire GMK Investments Pty Ltd. from Newmont Australia Pty L...

Positive

Osisko Mining Inc. announced that it expects to...

2021-11-30 00:00:00

Osisko Mining Inc. signed an agreement for a private placement of CAD 154 million in a convertible senior unsecured debenture due December 1, ...

Positive

Northern Star Resources Limited (ASX:NST) enter...

2021-11-22 00:00:00

Northern Star Resources Limited (ASX:NST) entered into binding sale agreement to acquire GMK Investments Pty Ltd. from Newmont Australia Pty L...

Negative

Northern Star Resources Limited Announces Chief...

2021-11-11 21:24:00

Northern Star Resources Limited announced the resignation of Morgan Ball as Chief Financial Officer and the re-appointment of Ryan Gurner as C...

Neutral

Northern Star Resources Limited - Shareholder/A...

2021-10-04 09:14:00

AGM

Neutral

Northern Star Resources Limited, Q1 2022 Earnin...

2021-10-01 05:53:00

Northern Star Resources Limited, Q1 2022 Earnings Call, Oct 19, 2021

Negative

Northern Star Resources Limited Announces Board Changes

2021-09-21 22:21:00

Northern Star Resources Ltd. announced that Raleigh Finlayson has resigned as an Executive Director of the Company, as foreshadowed in the ASX...

Positive

Northern Star Resources Limited (ASX:NST) compl...

2021-09-16 00:00:00

Northern Star Resources Limited (ASX:NST) agreed to acquire additional 10% stake in Central Tanami Project from Tanami Gold NL (ASX:TAM) for A...

Neutral

Macquarie Group Limited, Australia and New Zeal...

2021-08-31 02:43:00

Macquarie Group Limited, Australia and New Zealand Corporate Day, Sep 01, 2021 through Sep 02, 2021. Venue: Hong Kong, Hong Kong.

Neutral

Northern Star Resources Limited Presents at Aus...

2021-08-31 02:43:00

Northern Star Resources Limited Presents at Australia and New Zealand Corporate Day, Sep-01-2021 . Venue: Hong Kong, Hong Kong.

Positive

Northern Star Resources Limited, 0.095 (AUD), C...

2021-08-25 00:00:00

Northern Star Resources Limited, 0.095 (AUD), Cash Dividend, Sep-06-2021

Positive

Northern Star Resources Limited Updates Its Div...

2021-08-24 23:00:00

Northern Star Resources Limited announced that it has updated the company's dividend policy from a percentage of revenue approach to a percent...

Positive

Northern Star Resources Limited Announces Fully...

2021-08-24 22:06:00

Northern Star Resources Limited announced fully franked distribution of AUD 0.09500000 per share for the period of six months ended June 30, 2...

Negative

Northern Star Resources Ltd. Announces Board Changes

2021-08-22 22:12:00

Northern Star Resources Ltd. announced the retirement of Tony Kiernan as a Non-Executive Director, effective from the November 2021 Annual Gen...

Neutral

Northern Star Resources Limited, Annual General...

2021-08-22 22:12:00

Northern Star Resources Limited, Annual General Meeting, Nov 18, 2021, at 14:00 W. Australia Standard Time. Location: Perth Convention & Exhib...

Positive

Evolution Mining Limited (ASX:EVN) completed th...

2021-08-18 00:00:00

Evolution Mining Limited (ASX:EVN) agreed to acquire Kundana Assets Of Northern Star Resources Limited from Northern Star Resources Limited (A...

Neutral

Northern Star Resources Limited, 2021 Earnings ...

2021-08-10 07:30:00

Northern Star Resources Limited, 2021 Earnings Call, Aug 25, 2021

Positive

Evolution Mining Limited (ASX:EVN) agreed to ac...

2021-07-22 00:00:00

Evolution Mining Limited (ASX:EVN) agreed to acquire Kundana Assets Of Northern Star Resources Limited from Northern Star Resources Limited (A...

Negative

Northern Star Resources Limited Announces Execu...

2021-07-21 22:28:00

Northern Star Resources Ltd. to announced that Chief Executive Stuart Tonkin has been appointed Managing Director, effective 22 July 2021. Wit...

Neutral

Northern Star Resources Limited - Pre Recorded ...

2021-07-16 04:43:00

Northern Star Resources Limited - Pre Recorded Analyst/Investor Day

Neutral

Northern Star Resources Limited - Analyst/Investor Day

2021-07-16 04:43:00

Northern Star Resources Limited - Analyst/Investor Day

Neutral

Northern Star Resources Limited - Special Call

2021-07-09 01:52:00

Northern Star Resources Limited - Special Call

Negative

Northern Star Resources Ltd. Appoints Michael A...

2021-07-01 08:39:00

Northern Star Resources Ltd. appointed Michael Alfred Chaney as Director, effective July 1, 2021.

Neutral

Northern Star Resources Limited Presents at Dig...

2021-06-30 19:09:00

Northern Star Resources Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 12:00 PM. Venue: Goldfields Arts Centre, Cheetham St...

Positive

Northern Star Resources Limited (ASX:NST) compl...

2021-06-30 00:00:00

Northern Star Resources Limited (ASX:NST) entered into a binding sale agreement to acquire the remaining 80% stake in Mt Clement Gold Project ...

Neutral

Northern Star Resources Limited - Special Call

2022-06-24 08:17:00

To cover key findings from Pre-Feasibility Study

Positive

Black Cat Syndicate Limited (ASX:BC8) completed the acquisition of Western Tanami Gold Project from Northern Star Resources Limited (ASX:NST).

2022-06-15 00:00:00

Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Western Tanami Gold Project from Northern Star Resources Limited (ASX:NST) on April 13, 2022. In a related transaction, Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Paulsens Gold Operation from Northern Star Resources Limited (ASX:NST). Under the terms of the agreements, Black Cat Syndicate agrees to pay a total cash, scrip and contingent cash payment consideration of AUD 44.5 million, comprising: AUD 14.5 million cash consideration to be paid at sale completion; the issue to Northern Star of 8,340,000 fully paid ordinary shares in Black Cat, AUD 15 million cash consideration to be paid on June 30, 2023, and AUD 10 million cash in a series of contingent payments linked to future production post-sale completion. The transaction is expected to complete in June 2022, subject to the satisfaction of conditions including Black Cat raising at least AUD 25 million through the issue of shares by June 15, 2022, and receiving its shareholder’s approval for the issue of Black Cat shares to Northern Star as part of the transaction. Black Cat Syndicate Limited (ASX:BC8) completed the acquisition of Western Tanami Gold Project from Northern Star Resources Limited (ASX:NST) on June 15, 2022.

Positive

Black Cat Syndicate Limited (ASX:BC8) acquired Paulsens Gold Operation from Northern Star Resources Limited (ASX:NST).

2022-06-15 00:00:00

Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Paulsens Gold Operation from Northern Star Resources Limited (ASX:NST).on April 13, 2022. In a related transaction, Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Western Tanami Gold Project from Northern Star Resources Limited (ASX:NST). Under the terms of the agreements, Black Cat Syndicate agrees to pay a total cash, scrip and contingent cash payment consideration of AUD 44.5 million, comprising: AUD 14.5 million cash consideration to be paid at sale completion; the issue to Northern Star of 8,340,000 fully paid ordinary shares in Black Cat at a deemed issue price of AUD 0.60 per share; AUD 15 million cash consideration to be paid on June 30, 2023 (Deferred Consideration) and AUD 10 million cash in a series of contingent payments linked to future production post-sale completion. The transaction is expected to complete in June 2022, subject to the satisfaction of conditions including Black Cat raising at least AUD 25 million through the issue of shares by June 15, 2022 and receiving its shareholder’s approval for the issue of Black Cat shares to Northern Star as part of the transaction. Black Cat Syndicate Limited (ASX:BC8) completed the acquisition of Paulsens Gold Operation from Northern Star Resources Limited (ASX:NST) on June 15, 2022.

Neutral

Northern Star Resources Limited Affirms Production Guidance for the Year 2022

2022-04-26 23:00:00

Northern Star Resources Limited affirmed production guidance for the year 2022. For the year, expected the group production of 1.55 million to 1.65 million ounces.

Positive

Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Paulsens Gold Operation from Northern Star Resources Limited (ASX:NST).

2022-04-13 00:00:00

Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Paulsens Gold Operation from Northern Star Resources Limited (ASX:NST).on April 13, 2022. In a related transaction, Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Western Tanami Gold Project from Northern Star Resources Limited (ASX:NST). Under the terms of the agreements, Black Cat Syndicate agrees to pay a total cash, scrip and contingent cash payment consideration of AUD 44.5 million, comprising: AUD 14.5 million cash consideration to be paid at sale completion; the issue to Northern Star of 8,340,000 fully paid ordinary shares in Black Cat at a deemed issue price of AUD 0.60 per share; AUD 15 million cash consideration to be paid on June 30, 2023 (Deferred Consideration) and AUD 10 million cash in a series of contingent payments linked to future production post-sale completion. The transaction is expected to complete in June 2022, subject to the satisfaction of conditions including Black Cat raising at least AUD 25 million through the issue of shares by June 15, 2022 and receiving its shareholder’s approval for the issue of Black Cat shares to Northern Star as part of the transaction.

Positive

Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Western Tanami Gold Project from Northern Star Resources Limited (ASX:NST).

2022-04-13 00:00:00

Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Western Tanami Gold Project from Northern Star Resources Limited (ASX:NST) on April 13, 2022. In a related transaction, Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Paulsens Gold Operation from Northern Star Resources Limited (ASX:NST). Under the terms of the agreements, Black Cat Syndicate agrees to pay a total cash, scrip and contingent cash payment consideration of AUD 44.5 million, comprising: AUD 14.5 million cash consideration to be paid at sale completion; the issue to Northern Star of 8,340,000 fully paid ordinary shares in Black Cat, AUD 15 million cash consideration to be paid on June 30, 2023, and AUD 10 million cash in a series of contingent payments linked to future production post-sale completion. The transaction is expected to complete in June 2022, subject to the satisfaction of conditions including Black Cat raising at least AUD 25 million through the issue of shares by June 15, 2022, and receiving its shareholder’s approval for the issue of Black Cat shares to Northern Star as part of the transaction.

Neutral

Northern Star Resources Limited to Report Q3, 2022 Results on Apr 27, 2022

2022-04-06 05:11:00

Northern Star Resources Limited announced that they will report Q3, 2022 results on Apr 27, 2022

Neutral

Northern Star Resources Limited, Q3 2022 Earnings Call, Apr 27, 2022

2022-04-06 05:11:00

Northern Star Resources Limited, Q3 2022 Earnings Call, Apr 27, 2022

Negative

Northern Star Resources Limited Announces Raleigh Finlayson Agreed to Re-Join the Board as Non-Executive Director, effective on 4 April 2022

2022-03-30 23:43:00

Northern Star Resources Limited announcement titled "Director Resignation" dated 22 September 2021, at the time Raleigh Finlayson retired as Executive Director, the company announced that Mr. Finlayson had been invited and Mr. Finlayson had agreed to re-join the Board as a Non-Executive Director on 4 April 2022.

Positive

Northern Star Resources Limited Announces Franked Distribution for the Six Months Ended December 31, 2021, Payable on March 29, 2022

2022-02-09 21:23:00

Northern Star Resources Limited announced franked distribution of AUD 0.10000000 per unit for the six months ended December 31, 2021. Ex date is March 7, 2022, record date is March 8, 2022 and payment date is March 29, 2022.

Neutral

Northern Star Resources Limited Provides Production Guidance for the Year 2022

2022-02-09 21:23:00

Northern Star Resources Limited provided production guidance for the year 2022. For the year, the company reported gold production to be in the range of 1,550 koz to 1,650 koz.

Neutral

Northern Star Resources Limited to Report First Half, 2022 Results on Feb 10, 2022

2022-02-01 04:44:00

Northern Star Resources Limited announced that they will report first half, 2022 results on Feb 10, 2022

Neutral

Northern Star Resources Limited, H1 2022 Earnings Call, Feb 10, 2022

2022-02-01 04:44:00

Northern Star Resources Limited, H1 2022 Earnings Call, Feb 10, 2022

Positive

Northern Star Resources Limited (ASX:NST) completed the acquisition of GMK Investments Pty Ltd. from Newmont Australia Pty Ltd.

2021-12-01 00:00:00

Northern Star Resources Limited (ASX:NST) entered into binding sale agreement to acquire GMK Investments Pty Ltd. from Newmont Australia Pty Ltd for $95 million on November 22, 2021. As part of Northern Star’s purchase of 50 per cent of Kalgoorlie Consolidated Gold Mines Pty Ltd (KCGM) and associated assets, Northern Star already paid $25 million for an option to buy the Newmont power business in 2020. The remaining consideration to be paid is $70 million at completion. The transaction is expected to close in December 2021. Northern Star Resources Limited (ASX:NST) completed the acquisition of GMK Investments Pty Ltd. from Newmont Australia Pty Ltd on December 1, 2021.

Positive

Osisko Mining Inc. announced that it expects to receive CAD 154 million in funding from Northern Star Resources Limited

2021-11-30 00:00:00

Osisko Mining Inc. signed an agreement for a private placement of CAD 154 million in a convertible senior unsecured debenture due December 1, 2025 on November 30, 2021. The transaction will include participation from new investor Northern Star Resources Limited. The debenture bears interest at a rate of 4.75% per annum payable semi-annually in arrears. They agreed to negotiate, on an exclusive basis, the terms of an earn-in and joint-venture on up to a 50% interest in company’s windfall project. The debenture may be converted by investor at any time after the first anniversary of closing, subject to acceleration in the event of a change of control, at a conversion price equal to CAD 4 per common share. Upon entering into the earn-in and joint venture agreement, investor may convert the debenture into an interest in the property at a conversion premium of 125%. The debenture and any common shares issuable upon the conversion of the debenture, will be subject to a hold period expiring four months and one day from the date hereof.

Positive

Northern Star Resources Limited (ASX:NST) entered into binding sale agreement to acquire GMK Investments Pty Ltd. from Newmont Australia Pty Ltd for $95 million.

2021-11-22 00:00:00

Northern Star Resources Limited (ASX:NST) entered into binding sale agreement to acquire GMK Investments Pty Ltd. from Newmont Australia Pty Ltd for $95 million on November 22, 2021. As part of Northern Star’s purchase of 50 per cent of Kalgoorlie Consolidated Gold Mines Pty Ltd (KCGM) and associated assets, Northern Star already paid $25 million for an option to buy the Newmont power business in 2020. The remaining consideration to be paid is $70 million at completion. The transaction is expected to close in December 2021.

Negative

Northern Star Resources Limited Announces Chief Financial Officer Changes, Effective December 31, 2021

2021-11-11 21:24:00

Northern Star Resources Limited announced the resignation of Morgan Ball as Chief Financial Officer and the re-appointment of Ryan Gurner as CFO, effective December 31, 2021. Gurner was previously CFO of the company prior to the merger with Saracen Mineral Holdings in year 2021. Gurner joined the company as General Manager - Finance in January 2015. He is a Chartered Accountant with extensive mining experience in Australia, North America, Asia and Europe. He has filled numerous roles including Chief Financial Officer, Company Secretary, General Manager of Finance and Financial Controller of ASX and TSX-listed companies.

Neutral

Northern Star Resources Limited - Shareholder/Analyst Call

2021-10-04 09:14:00

AGM

Neutral

Northern Star Resources Limited, Q1 2022 Earnings Call, Oct 19, 2021

2021-10-01 05:53:00

Northern Star Resources Limited, Q1 2022 Earnings Call, Oct 19, 2021

Negative

Northern Star Resources Limited Announces Board Changes

2021-09-21 22:21:00

Northern Star Resources Ltd. announced that Raleigh Finlayson has resigned as an Executive Director of the Company, as foreshadowed in the ASX announcement dated 22nd July 2021 "Stuart Tonkin appointed Managing Director". Mr. Finlayson will re-join the Board as a Non-Executive Director on 4th April 2022. Over the next six months, Mr. Finlayson will complete an Advanced Management Program with Harvard University.

Positive

Northern Star Resources Limited (ASX:NST) completed the acquisition of an additional 10% stake in Central Tanami Project from Tanami Gold NL (ASX:TAM).

2021-09-16 00:00:00

Northern Star Resources Limited (ASX:NST) agreed to acquire additional 10% stake in Central Tanami Project from Tanami Gold NL (ASX:TAM) for AUD 15 million on May 10, 2021. Post completion Central Tanami Project will become a 50/50 Joint Venture equally owned by Northern Star Resources Limited and Tanami Gold NL. A 50/50 Joint Venture Management Company independently staffed will manage the project. The transaction is conditional upon Ministerial approval and Tanami Gold obtaining shareholders approval. Northern Star Resources Limited (ASX:NST) completed the acquisition of an additional 10% stake in Central Tanami Project from Tanami Gold NL (ASX:TAM) on September 16, 2021.

Neutral

Macquarie Group Limited, Australia and New Zealand Corporate Day, Sep 01, 2021 through Sep 02, 2021

2021-08-31 02:43:00

Macquarie Group Limited, Australia and New Zealand Corporate Day, Sep 01, 2021 through Sep 02, 2021. Venue: Hong Kong, Hong Kong.

Neutral

Northern Star Resources Limited Presents at Australia and New Zealand Corporate Day, Sep-01-2021

2021-08-31 02:43:00

Northern Star Resources Limited Presents at Australia and New Zealand Corporate Day, Sep-01-2021 . Venue: Hong Kong, Hong Kong.

Positive

Northern Star Resources Limited, 0.095 (AUD), Cash Dividend, Sep-06-2021

2021-08-25 00:00:00

Northern Star Resources Limited, 0.095 (AUD), Cash Dividend, Sep-06-2021

Positive

Northern Star Resources Limited Updates Its Dividend Policy

2021-08-24 23:00:00

Northern Star Resources Limited announced that it has updated the company's dividend policy from a percentage of revenue approach to a percentage of cash earnings. Under the updated policy, the company will target an annual dividend payment in the range of 20% to 30% of these cash earnings.

Positive

Northern Star Resources Limited Announces Fully Franked Distribution for the Period of Six Months Ended June 30, 2021, Payable on September 29, 2021

2021-08-24 22:06:00

Northern Star Resources Limited announced fully franked distribution of AUD 0.09500000 per share for the period of six months ended June 30, 2021. Ex date is September 6, 2021, Record date is September 7, 2021 and Payment Date is September 29, 2021.

Negative

Northern Star Resources Ltd. Announces Board Changes

2021-08-22 22:12:00

Northern Star Resources Ltd. announced the retirement of Tony Kiernan as a Non-Executive Director, effective from the November 2021 Annual General Meeting to be held on 18 November 2021. Northern Star announced that highly-regarded resources executive and public company director Sharon Warburton has been appointed an Independent Non-Executive Director of the Company, effective 1 September 2021. She is currently a Non-Executive Director of Blackmores, Wesfarmers and Worley and is a part-time member of the Takeovers Panel. Ms. Warburton is also a Non-Executive Director of Gold Road Resources. Gold Road has recently announced that she intends to retire from the Company's Board effective 30 September 2021. Her previous positions include Co-Deputy Chairman of Fortescue Metals Group and Non-Executive Directorships of NEXTDC and Western Power. She was also the inaugural Chairman of the Northern Australia Infrastructure Facility.

Neutral

Northern Star Resources Limited, Annual General Meeting, Nov 18, 2021

2021-08-22 22:12:00

Northern Star Resources Limited, Annual General Meeting, Nov 18, 2021, at 14:00 W. Australia Standard Time. Location: Perth Convention & Exhibition Centre, Meeting Room 7, Level 2 21 Mounts Bay Road, Perth WA 6000 Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2021 together with the declaration of the Directors, the Directors' Report, the Remuneration Report, and the Auditor's Report; to consider Adoption of Remuneration Report; to consider Conditional spill resolution ; to consider Approval of issue of 329,776 LTI-1 Performance Rights (for measurement on 30 June 2025) to Managing Director & Chief Executive Officer, Stuart Tonkin; to consider Approval of issue of 247,332 LTI-2 Performance Rights (for measurement on 30 June 2024) to Managing Director & Chief Executive Officer, Stuart Tonkin; to consider election of directors; and to consider other matters.

Positive

Evolution Mining Limited (ASX:EVN) completed the acquisition of Kundana Assets Of Northern Star Resources Limited from Northern Star Resources Limited (ASX:NST).

2021-08-18 00:00:00

Evolution Mining Limited (ASX:EVN) agreed to acquire Kundana Assets Of Northern Star Resources Limited from Northern Star Resources Limited (ASX:NST) for approximately AUD 400 million on July 22, 2021. The Acquisition Assets include 100% interest in the Kundana Operations, 100% interest in certain tenements comprising the Carbine Project, 75% interest in the West Kundana Joint Venture and 51% interest in the East Kundana Joint Venture. The consideration will be paid in cash. The transaction will be funded by an AUD 400 million fully underwritten institutional placement and is accompanied by a non-underwritten share purchase plan. Evolution will provide employment contracts to Northern Star’s employees and also assume liabilities for all transferring employees. The deal is subject to Ministerial consent to the transfer of six mining tenements. As on July 23, 2021, the transaction received approval under the WA Mining Act to transfer legal title of certain of the Acquisition Assets to Evolution. Thus the transaction becomes unconditional. The transaction is expected to be completed in late August 2021. As of July 23, 2021, completion will occur in approximately 20 business days, on a date to be agreed by Northern Star and Evolution. Proceeds from the sale will be invested in advancing Northern Star’s pipeline of growth projects. Sternship Advisers Pty Ltd. acted as financial advisor to Northern Star Resources Limited and Ashurst Australia acted as legal advisor. Treadstone Resource Partners Pty Ltd acted as financial advisor to Evolution Mining Limited and Allens acted as legal advisor. Evolution Mining Limited (ASX:EVN) completed the acquisition of Kundana Assets Of Northern Star Resources Limited from Northern Star Resources Limited (ASX:NST) on August 18, 2021.

Neutral

Northern Star Resources Limited, 2021 Earnings Call, Aug 25, 2021

2021-08-10 07:30:00

Northern Star Resources Limited, 2021 Earnings Call, Aug 25, 2021

Positive

Evolution Mining Limited (ASX:EVN) agreed to acquire Kundana Assets Of Northern Star Resources Limited from Northern Star Resources Limited (ASX:NST) for approximately AUD 400 million.

2021-07-22 00:00:00

Evolution Mining Limited (ASX:EVN) agreed to acquire Kundana Assets Of Northern Star Resources Limited from Northern Star Resources Limited (ASX:NST) for approximately AUD 400 million on July 22, 2021. The Acquisition Assets include 100% interest in the Kundana Operations, 100% interest in certain tenements comprising the Carbine Project, 75% interest in the West Kundana Joint Venture and 51% interest in the East Kundana Joint Venture. The consideration will be paid in cash. The transaction will be funded by an AUD 400 million fully underwritten institutional placement and is accompanied by a non-underwritten share purchase plan. Evolution will provide employment contracts to Northern Star’s employees and also assume liabilities for all transferring employees. The deal is subject to Ministerial consent to the transfer of six mining tenements. As on July 23, 2021, the transaction received approval under the WA Mining Act to transfer legal title of certain of the Acquisition Assets to Evolution. Thus the transaction becomes unconditional. The transaction is expected to be completed in late August 2021. As of July 23, 2021, completion will occur in approximately 20 business days, on a date to be agreed by Northern Star and Evolution. Proceeds from the sale will be invested in advancing Northern Star’s pipeline of growth projects. Sternship Advisers Pty Ltd. acted as financial advisor to Northern Star Resources Limited and Ashurst Australia acted as legal advisor. Treadstone Resource Partners Pty Ltd acted as financial advisor to Evolution Mining Limited and Allens acted as legal advisor.

Negative

Northern Star Resources Limited Announces Executive Changes

2021-07-21 22:28:00

Northern Star Resources Ltd. to announced that Chief Executive Stuart Tonkin has been appointed Managing Director, effective 22 July 2021. With the merger of Northern Star and Saracen Mineral Holdings bedded down, Raleigh Finlayson will move from Managing Director to Executive Director for a transitionary period of approximately two months. Mr. Finlayson will then retire from the Board. Mr. Finlayson will re-join the Board as a Non-Executive Director on 4 April 2022. Mr. Finlayson will use the six-month period to take a break and complete an Advanced Management Program with Harvard University. Northern Star Chair Michael Chaney said he was delighted that Mr. Tonkin had accepted the offer to lead the Company into its next era of development and growth, starting with delivering the five-year strategy.

Neutral

Northern Star Resources Limited - Pre Recorded Analyst/Investor Day

2021-07-16 04:43:00

Northern Star Resources Limited - Pre Recorded Analyst/Investor Day

Neutral

Northern Star Resources Limited - Analyst/Investor Day

2021-07-16 04:43:00

Northern Star Resources Limited - Analyst/Investor Day

Neutral

Northern Star Resources Limited - Special Call

2021-07-09 01:52:00

Northern Star Resources Limited - Special Call

Negative

Northern Star Resources Ltd. Appoints Michael Alfred Chaney as Director

2021-07-01 08:39:00

Northern Star Resources Ltd. appointed Michael Alfred Chaney as Director, effective July 1, 2021.

Neutral

Northern Star Resources Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 12:00 PM

2021-06-30 19:09:00

Northern Star Resources Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 12:00 PM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Stuart Peter Tonkin, CEO, MD & Director.

Positive

Northern Star Resources Limited (ASX:NST) completed the acquisition of the remaining 80% stake in Mt Clement Gold Project from Artemis Resources Limited (ASX:ARV).

2021-06-30 00:00:00

Northern Star Resources Limited (ASX:NST) entered into a binding sale agreement to acquire the remaining 80% stake in Mt Clement Gold Project from Artemis Resources Limited (ASX:ARV) for AUD 0.34 million on July 21, 2020. Post completion, the current joint-venture agreement between Artemis and Northern Star will terminate, with Artemis retaining a 1% Net Smelter Royalty (NSR). The deal is subject to standard Ministerial Consent. Northern Star Resources Limited (ASX:NST) completed the acquisition of the remaining 80% stake in Mt Clement Gold Project from Artemis Resources Limited (ASX:ARV) in financial year 2021.

Fundamental Summary

The financials published by Northern Star for Q4 were weak and discouraging. Their growth and value factors indicate a poor execution and strategy, which isn't generating exciting growth. Typically, results like these translate into sustained negative momentum and strong downward pressure on stock price. As such, Northern Star received an overall score of 55 and a UNDERPERFORM recommendation.

Northern Star reported earnings results for the half year ended December 31, 2021. For the half year, the company reported sales was AUD 1,807 million compared to AUD 1,111 million a year ago. Net income was AUD 261 million compared to AUD 183 million a year ago. Basic earnings per share from continuing operations was AUD 0.224 compared to AUD 0.249 a year ago. Diluted earnings per share from continuing operations was AUD 0.223 compared to AUD 0.248 a year ago.

Business Description

Northern Star engages in the exploration, development, mining, and processing of gold deposits in Australia. It also sells refined gold. The company holds interests in the Pogo, Kalgoorlie, KCGM, Jundee, Thunderbox, and Carosue Dam operations, as well as Paulsens, Tanami, and Bronzewing projects. It operates in Western Australia, the Northern Territory, and Alaska. The company was incorporated in 2000 and is headquartered in Subiaco, Australia.

Sector Overview

Northern Star is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Northern Star's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 11,163.0 -0.8% 70
Liabilities 3,027.0 -7.5% 87
Price to Book 1.1 -20.3% 65
Cash & Equivalents 528.0 -31.6% 48
Equity 8,136.0 2.0% 56
EBITDA 913.6 30.2% 66
Total Revenues 3,456.5 25.2% 48
Parameter Value Change Score
Return on Equity 21.7 6.4% 68
Net Cashflow 209.6 121.6% 70
Capital Expenditure -915.8 -33.0% 54
Asset Turnover 0.5 29.7% 91
Free Cashflow 0.3 -26.0% 58

* All values are TTM

The below chart reflects Northern Star's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Northern Star's peer average final assessment score stands on 66.0, Northern Star's score is 55.

  •  NST
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
IGO Limited 7.8B 50 78 72
Hold
71
71 6 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 7 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 8 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 9 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 10 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 11 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 12 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 13 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 14 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 15 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 16 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 17 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 18 1
Sims Limited 2.7B 68 69 82
Hold
74
74 19 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 20 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 21 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 22 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 23 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 24 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 25 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 26 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 27 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 28 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 29 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 30 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 31 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 32 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 33 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 34 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 35 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 36 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 37 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 38 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 39 1
Equigold NL 854.0M 50 65 87
Hold
67
67 40 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 41 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 42 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 43 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 44 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 45 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 46 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 47 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 48 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 49 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 50 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 51 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 52 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 53 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 54 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Northern Star's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Northern Star's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 37.

Bearish 37
Close Price 7.45
52W Low 7.02
52W High 11.48
5D MA 7.7
50D MA 8.98
200D MA 9.44
MACD -0.39
RSI 20.48
STOCH 25.15

Balance Sheet Analysis

Several numbers from Northern Star's current balance sheet were concerning, in two areas in particular: Cash & Equivalents and Equity. Northern Star's management did a relatively poor job managing cash and cash equivalents, which now sit at 528.0 and represents a -31.6% change from the last reporting period. Their anemic growth in cash and cash equivalents, specifically in contrast to their industry peers' performance, should hurt their stock price. Consequently, their cash and cash equivalents movement received a grade of 48. Also, Northern Star published concerning equity metrics for this filing. In the current report, equity stood at 8136.0, which represents a 2.0% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. These metrics are all the more disappointing relative to their peers and should blunt potential positive momentum in its's stock price. Its equity movement component, therefore, received a grade of 56. On the other hand, Liabilities, jumped out as looking rather positive. Northern Star has done an excellent job managing its liabilities. Northern Star's liabilities stood at 3027.0 in the current filing, which represents a -7.5% change from the previous report. These liabilities changes appear balanced compared to their peers and project the message that management is capable and focused on balancing asset growth, resource allocation, and growing liabilities. Therefore, we rated their liabilities movement with a score of 87. Therefore, the company's balance sheet earned a grade of 56.

Parameter Value Change Score
Assets 11,163.0 -0.8% 70
Liabilities 3,027.0 -7.5% 87
Price to Book 1.1 -20.3% 65
Cash & Equivalents 528.0 -31.6% 48
Equity 8,136.0 2.0% 56
* All values are TTM

The below chart describes Northern Star's performance as reflected on its balance sheet with respect to its peers. While Northern Star received a balance sheet score of 56, the average of its peers stands on 69.0.

  •  NST
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
IGO Limited 7.8B 43 37 80 42 63 50 6 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 7 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 8 1
Allkem Limited 6.9B 53 64 44 65 89 57 9 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 10 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 11 1
Alumina Limited 4.4B 51 69 50 46 84 50 12 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 13 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 14 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 15 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 16 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 17 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 18 1
Sims Limited 2.7B 85 72 83 49 57 68 19 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 20 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 21 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 22 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 23 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 24 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 25 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 26 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 27 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 28 1
West African Resources Limited 1.3B 92 56 81 92 42 87 29 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 30 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 31 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 32 1
Lake Resources NL 1.2B 78 74 55 64 78 66 33 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 34 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 35 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 36 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 37 1
ioneer Ltd 867.9M 98 56 80 86 52 85 38 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 39 1
Equigold NL 854.0M 57 46 86 50 45 50 40 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 41 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 42 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 43 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 44 1
Imdex Limited 796.9M 59 69 83 61 75 71 45 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 46 1
St Barbara Limited 701.5M 80 69 51 49 61 53 47 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 48 1
Red 5 Limited 671.6M 49 45 39 55 96 47 49 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 50 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 51 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 52 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 53 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 54 1
Neometals Ltd 531.9M 97 77 46 50 97 60 55 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 56 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 57 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Northern Star's most recent income statement report was not encouraging. Northern Star management did an underwhelming job managing revenue efficiency this past period. Northern Star's revenue efficiency is 3456.5 according to the metrics in the current filing, which represents a 25.2% change from the previous report. This metric might have a 24.0 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. Consequently, their revenue efficiency received a grade of 48. Also, Northern Star reported concerning EBITDA this period. At filing, EBITDA was reported as 913.6, representing 30.2% change from the previous period. This parameter coud affect companies in the same industry and market capitalization by up to 20.0%. Their EBITDA metrics are even more problematic when compared to their peers. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 66. However, we can draw some encouragement from Northern Star's momentum in cash_flow generation. Northern Star's reported return on equity (ROE) ratio was 21.7, representing a change of 6.4%. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. Consequently, their return factors received a grade of 68. Therefore, its income statement earned a grade of 56.

Parameter Value Change Score
EBITDA 913.6 30.2% 66
Total Revenues 3,456.5 25.2% 48
Return on Equity 21.7 6.4% 68
* All values are TTM

The below chart describes Northern Star's performance as reflected on its income statement with respect to its peers. While Northern Star received a income statement score of 56 , the average of its peers stands on 65.0.

  •  NST
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
IGO Limited 7.8B 98 72 48 78 6 1
BlueScope Steel Limited 7.3B 86 71 66 72 7 1
Pilbara Minerals Limited 6.9B 38 96 96 69 8 1
Allkem Limited 6.9B 46 75 74 61 9 1
OZ Minerals Limited 6.2B 48 82 82 66 10 1
Evolution Mining Limited 4.8B 94 46 43 64 11 1
Alumina Limited 4.4B 87 73 76 79 12 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 13 1
Iluka Resources Limited 3.9B 50 62 89 60 14 1
Andean Resources Ltd. 3.7B 37 89 91 97 15 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 16 1
Nickel Industries Limited 2.8B 66 61 55 60 17 1
AVZ Minerals Limited 2.8B 87 63 41 68 18 1
Sims Limited 2.7B 45 90 92 69 19 1
Zimplats Holdings Limited 2.6B 94 50 52 68 20 1
Liontown Resources Limited 2.4B 87 78 91 84 21 1
Perseus Mining Limited 2.3B 42 88 83 65 22 1
Deterra Royalties Limited 2.3B 45 83 66 61 23 1
Sandfire Resources Limited 1.9B 64 73 74 69 24 1
Core Lithium Ltd 1.8B 87 47 81 70 25 1
Chalice Mining Limited 1.5B 99 65 76 81 26 1
Grange Resources Limited 1.5B 74 61 61 64 27 1
Capricorn Metals Ltd 1.3B 37 98 97 69 28 1
West African Resources Limited 1.3B 43 84 63 59 29 1
Silver Lake Resources Limited 1.2B 95 42 41 63 30 1
De Grey Mining Limited 1.2B 44 45 76 47 31 1
Gold Road Resources Limited 1.2B 94 48 49 67 32 1
Lake Resources NL 1.2B 87 62 66 73 33 1
Sayona Mining Limited 1.2B 87 62 66 73 34 1
Regis Resources Limited 1.1B 65 50 45 53 35 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 36 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 37 1
ioneer Ltd 867.9M 87 55 60 69 38 1
Syrah Resources Limited 856.9M 38 67 62 50 39 1
Equigold NL 854.0M 79 44 91 65 40 1
Ramelius Resources Limited 828.4M 94 51 48 68 41 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 42 1
Jervois Global Limited 813.1M 37 94 93 71 43 1
Mincor Resources NL 808.9M 98 57 59 77 44 1
Imdex Limited 796.9M 77 60 56 56 45 1
Bellevue Gold Limited 722.0M 87 44 83 69 46 1
St Barbara Limited 701.5M 93 56 53 70 47 1
Emerald Resources NL 679.4M 37 96 94 68 48 1
Red 5 Limited 671.6M 95 58 66 75 49 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 50 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 51 1
Westgold Resources Limited 575.3M 84 58 43 65 52 1
OM Holdings Limited 563.6M 50 96 97 75 53 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 54 1
Neometals Ltd 531.9M 87 66 56 72 55 1
Adriatic Metals PLC 528.8M 87 62 66 73 56 1
Argosy Minerals Limited 467.8M 87 62 66 73 57 1
Perenti Global Limited 461.4M 73 81 87 78 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Two main cash flow metrics, Asset Turnover and Net Cash Flow, are driving the positive outlook for Northern Star's financial strength. Northern Star is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 0.5, representing a 29.7% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 2.7%. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. Correspondingly, their asset turnover movement received a grade of 91. Also, Northern Star presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of 209.6, which is a change of 121.6% from the last filing. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. Hence, its net cash flow earned a score of 70. That said, one metric, Capital Expenditure, stood out as particularly concerning. Northern Star's published capital expenditures (CapEx) numbers were discouraging and reflected management's unbalanced growth strategy. Northern Star recorded CapEx of -915.8, which represents a -33.0% change from the previous report. The company's disappointing CapEx growth is expected to stunt the momentum they hoped for this period. Its CapEx movement, therefore, received a grade of 54. Therefore, we scored the company's cash flow a 73.

Parameter Value Change Score
Net Cashflow 209.6 121.6% 70
Capital Expenditure -915.8 -33.0% 54
Asset Turnover 0.5 29.7% 91
Free Cashflow 0.3 -26.0% 58
* All values are TTM

The below chart describes Northern Star's performance as reflected on its cash flow with respect to its peers. While Northern Star received a cash flow score of 73, the average of its peers stands on 69.0.

  •  NST
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
IGO Limited 7.8B 80 73 66 57 72 6 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 7 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 8 1
Allkem Limited 6.9B 75 77 70 84 82 9 1
OZ Minerals Limited 6.2B 69 97 66 73 78 10 1
Evolution Mining Limited 4.8B 54 49 61 39 50 11 1
Alumina Limited 4.4B 68 74 76 70 72 12 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 13 1
Iluka Resources Limited 3.9B 75 84 52 74 74 14 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 15 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 16 1
Nickel Industries Limited 2.8B 75 63 76 61 70 17 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 18 1
Sims Limited 2.7B 83 98 56 82 82 19 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 20 1
Liontown Resources Limited 2.4B 59 69 76 51 62 21 1
Perseus Mining Limited 2.3B 69 94 90 83 83 22 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 23 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 24 1
Core Lithium Ltd 1.8B 61 69 76 72 69 25 1
Chalice Mining Limited 1.5B 53 62 84 38 55 26 1
Grange Resources Limited 1.5B 75 79 76 62 73 27 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 28 1
West African Resources Limited 1.3B 73 84 42 58 66 29 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 30 1
De Grey Mining Limited 1.2B 80 69 76 61 73 31 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 32 1
Lake Resources NL 1.2B 68 69 76 60 68 33 1
Sayona Mining Limited 1.2B 68 69 76 60 68 34 1
Regis Resources Limited 1.1B 65 76 68 69 69 35 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 36 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 37 1
ioneer Ltd 867.9M 47 57 54 51 51 38 1
Syrah Resources Limited 856.9M 59 58 43 98 69 39 1
Equigold NL 854.0M 91 69 72 84 87 40 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 41 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 42 1
Jervois Global Limited 813.1M 43 51 38 82 54 43 1
Mincor Resources NL 808.9M 63 63 72 45 57 44 1
Imdex Limited 796.9M 71 72 79 73 74 45 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 46 1
St Barbara Limited 701.5M 54 46 71 55 56 47 1
Emerald Resources NL 679.4M 84 81 80 81 84 48 1
Red 5 Limited 671.6M 68 49 48 59 59 49 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 50 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 51 1
Westgold Resources Limited 575.3M 59 69 71 59 63 52 1
OM Holdings Limited 563.6M 75 90 90 75 82 53 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 54 1
Neometals Ltd 531.9M 62 54 71 52 60 55 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 56 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 57 1
Perenti Global Limited 461.4M 61 69 54 78 67 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.