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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 linger across the sector.

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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 31/01/18

1 year TSR5 year TSR
195thMineral Resources59%18%
207thNorthern Star Resources55%43%
266thIluka Resources35%3%
560thResolute Mining-18%-2%
722ndAtlas Iron-45%-55%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

27/12/17
$5.9m Sold
22/11/17
$1.4m Sold
30/03/17
$101k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

4th-Mineral Resources$1,470.4m
5th↓Atlas Iron$896.6m
6th↓Northern Star Resources$850.6m
7th↓Iluka Resources$779.3m
8th↓Resolute Mining$560.8m
498 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Northern Star Resources

31stBill Beament$1.325m
144thShaun Day$653k
244thLiza Carpene$495k
Ranked by total remuneration from all listed WA companies

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