Sydney, Feb 8, 2026, 16:47 AEDT — Market closed.
- Northern Star finished the session at A$26.77, slipping 1.7%. Gold-linked stocks had a turbulent week, and the miner was no exception.
- MGX handed over a A$50 million cash payment on Friday, securing its stake in the Northern Territory project.
- Management will update investors later in the morning, after FY26 half-year results land before the open on Feb. 12.
Northern Star Resources ended Friday at A$26.77, slipping 1.7%. Over the last five sessions, shares have fallen roughly 7.5%, just as the gold miner gears up for a packed week.
Next up: Northern Star’s FY26 half-year results land before the ASX opens on Thursday, Feb. 12. Investors get a briefing at 9:00 a.m. AEDT from Managing Director Stuart Tonkin, CFO Ryan Gurner and COO Simon Jessop.
The company’s update lands after it warned of higher costs and a dip in output for the December quarter, which led to a reset in its guidance. Northern Star reported quarterly gold sales of 348,061 ounces, with an all-in sustaining cost (AISC) per ounce at A$2,937. It also bumped up its FY26 AISC forecast to a range of A$2,600 to A$2,800 per ounce, while cutting its sales guidance to between 1.6 million and 1.7 million ounces of gold. AISC, the go-to industry metric, wraps in the full cost of producing an ounce, factoring in sustaining capital for ongoing mine operations.
A late-breaking update landed near Friday’s close: MGX Resources wrapped up its buy of a 50% stake in the Central Tanami Gold Project JV from Northern Star, shelling out A$50 million for the deal. “Extremely pleased” to get the acquisition done “ahead of schedule,” said MGX CEO Peter Kerr. nsrltd.com
Northern Star shareholders aren’t just watching the payout—it’s the calendar that stands out. Funds hit accounts just ahead of the company’s half-year results, which will be combed for shifts in spending, hedging, and how fast projects are moving.
Gold’s recent volatility is keeping traders guessing when it comes to miners. Spot gold jumped 3.9% on Friday, hitting $4,954.92 an ounce as bargain hunters stepped in and the dollar lost ground. Still, Kitco Metals analyst Jim Wyckoff warned the move might stall without “a significant geopolitical event,” calling the rally potentially “limited.” reuters.com
Central banks haven’t stepped back, either. According to official figures, China’s central bank kept buying gold for a fifteenth straight month in January, pushing reserves up to 74.19 million fine troy ounces.
Northern Star’s numbers land soon, and investors will immediately zero in on production and costs at each site. Any fresh detail on Kalgoorlie and the Yandal hub’s operational progress could move the needle. Eyes are also locked on the KCGM mill expansion and the Hemi development—timelines and capex control for both will get special scrutiny.
Risks aren’t one-sided here. If unit costs keep edging higher or operational headaches persist, the stock could take another hit — particularly if the bounce in bullion stalls out or volatility creeps back in.
Thursday brings the half-year numbers and management call. Next up: the March-quarter update, slated for April 22 on the company calendar.
