Sydney, Jan 15, 2026, 16:51 AEDT — Market closed.
Northern Star Resources Ltd shares climbed 31 Australian cents, or 1.16%, to finish at A$27.04 on Thursday, after swinging between A$26.66 and A$27.43 during the session. 1
The stock now heads into a packed schedule of company reports, with Northern Star set to release its December-quarter update next week and the half-year results expected by mid-February. 2
Gold, which fuels cash flow for Australian miners, dipped Thursday as traders cashed in following a record high the day before. “The bigger picture behind the metal’s rally isn’t fading,” said Ilya Spivak, head of global macro at Tastylive. 3
Just one day prior, gold surged to new highs amid a rush into safe-haven assets and growing bets on U.S. rate cuts. “All roads are leading to gold and silver,” Alex Ebkarian, chief operating officer at Allegiance Gold, remarked. 4
In Australia, Northern Star wasn’t the only gold stock on the rise. Evolution Mining and Resolute Mining also climbed during the session, according to a mid-market update. 5
Northern Star has zeroed in on costs and output after scaling back its FY26 production forecast earlier this month, lowering the group range to 1.6 million–1.7 million ounces from 1.7 million–1.85 million ounces. The company plans to share December-quarter cost figures along with updated annual cost guidance when it releases its quarterly results.
The exchange pressed for more details after the downgrade. Northern Star responded in writing to an ASX query, saying it learned on Jan. 1 about a probable significant deviation in its annual production guidance and then issued the update before markets opened on Jan. 2.
That said, the upcoming print could swing in either direction. A steeper rise in unit costs than anticipated, fresh signs of trouble at major sites, or a quicker drop in bullion following its record highs might prompt a swift shift in forecasts.
Macro cues played a role too. Gold slipped off its highs after broader markets digested a more cautious stance from U.S. President Donald Trump on Iran and changing risk appetite, according to a global markets wrap. 6
Northern Star’s next major trigger arrives with its December-quarter report on Thursday, Jan. 22. Investors will be watching closely for updates on production, cost figures, and confirmation of the company’s revised outlook. 7
