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Northern Star Resources managing director Bill Beament. Photo: Attila Csaszar

Northern Star to hedge gold production

Northern Star Resources has confirmed it will enter into a hedging program for almost a third of its forecast gold production over the next 12 months as concerns over price volatility continue to linger across the sector.

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Comments

Perfect. Deliver the uncommitted against the spot price if it's better and roll the hedged contract forward to enjoy the contango. Well done

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 29/03/19

1 year TSR5 year TSR
90thNorthern Star Resources44%54%
223rdIndependence Group7%6%
323rdOM Holdings-8%32%
348thIluka Resources-12%1%
424thPaladin Energy-24%-21%
729 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

19/03/19
$22.2m Sold
31/12/18
$0 Other
31/12/18
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

5th↑OM Holdings$1,512.8m
6th↓Iluka Resources$1,353.1m
7th↓Northern Star Resources$965.3m
8th↑Independence Group$780.1m
9th↑Paladin Energy$756.2m
485 listed resources companies ranked by revenue.
Source: Morningstar

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