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Northern Star Cuts FY26 Guidance After Operational Setbacks in December Quarter.

Northern Star Resources (ASX: NST) reported softer-than-expected gold sales in the December 2025 quarter due to a series of isolated operational disruptions across its assets, prompting a downgrade to FY26 production guidance. December quarter gold sales were approximately 348 koz, taking first-half FY26 sales to around 729 koz. As a result, the company revised full-year production guidance to 1,600–1,700 koz from the earlier 1,700–1,850 koz range. Performance was impacted by unplanned maintenance issues, including a primary crusher failure at KCGM, recovery delays at Jundee, lower grades and downtime at Thunderbox, and dilution-related grade issues at Pogo. While several operations are returning to normal, cost performance is expected to be affected, with updated cost guidance to be provided alongside the December quarterly results on 22 January 2026. Management will discuss the revised outlook in a call scheduled for 5 January 2026.



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