The company sold 132,558 ounces of gold in the March quarter at an average realised price of A$1669 an ounce.
All-in sustaining costs dropped to $988/oz, its first quarter this financial year below $1000/oz due to AISC of just $867/oz at Kalgoorlie.
Operating cashflow for the quarter was $115.5 million, leading to a $90 million increase in cash and investments to $393 million, including Northern Star’s $18 million worth of shares in Toronto-listed Superior Gold.
Beament told a teleconference today the company’s outstanding cashflow generation was “moving Northern Star in the opposite direction to our global peer group”.
Underlying free cashflow for the quarter was $59.8 m...