Jefferies backs Northern Star Resource's investment in mill capacity at Kalgoorlie

Northern Star Resources

05/08/2026 24:38

** Jefferies backs Northern Star Resource's NST.AX investment in mill capacity at Kalgoorlie Consolidated Gold Mine (KCGM) site in Australia
** Says investment will support asset in coming 30+ years
** Brokerage expects first production from mill in CY31 and capex of about A$2.1 billion ($1.48 billion)
** Says KCGM will be growth engine for NST and it has been "appropriately" capitalised to double throughput
** Retains "buy" rating on stock, maintains PT at A$24 apiece
** YTD, stock down 24%, as of last close
($1 = 1.4188 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))