NST - Northern Star Resources

[mullokintyre]

They're making a motza but the AISC still looks a little high. I blame the unions.

That would depend entirely on how much of their cost base is Labor related.
At some point, the technology of driverless equipment or robots will make them redundant.
it could be because of the grade, the strip ratio, the geology, cost of diesel, unplanned/planned maintenance, high exploration costs, etc.
I guess the only way you could find out is to be able to access to the supporting documents for the P& L.
mick

 

[rcw1]

Good evening
Nice little playground at the moment. See how long it lasts. Holding.
Have a very nice evening. Good night Irene

 

[Sean K]

Why are all my stocks announcing delays, weather events and breakdowns recently? Isvara, what's going on?

 

[divs4ever]

Why are all my stocks announcing delays, weather events and breakdowns recently? Isvara, what's going on?


View attachment 154401

nothing unusual for mines in North America ( particularly Alaska and Canada )

after spending 3 years in a hotel watching pay-TV i gravitated to various 'reality programs ' which included various gold producers ( everything from metal detecting , vacuuming up alluvial deposits of fast running streams , ditto under frozen lakes/seas , and using dredges on normal lakes and slow running rivers , straight-out open cut mining ... noticing how seasonal factors limit each style ( and how smarter operations use meteorological interruptions to time servicing/upgrades and repairs , and sometimes keep older plant as emergency back-ups , since some locations are rather remote )

let's see if NST develops special strategies for Pogo over time

consequently for a fair while i strongly favoured gold miners operating in Australia and was under-impressed when NST bought that project .

 

[Sean K]

nothing unusual for mines in North America ( particularly Alaska and Canada )

after spending 3 years in a hotel watching pay-TV i gravitated to various 'reality programs ' which included various gold producers ( everything from metal detecting , vacuuming up alluvial deposits of fast running streams , ditto under frozen lakes/seas , and using dredges on normal lakes and slow running rivers , straight-out open cut mining ... noticing how seasonal factors limit each style ( and how smarter operations use meteorological interruptions to time servicing/upgrades and repairs , and sometimes keep older plant as emergency back-ups , since some locations are rather remote )

let's see if NST develops special strategies for Pogo over time

consequently for a fair while i strongly favoured gold miners operating in Australia and was under-impressed when NST bought that project .

Pogo has the scale and grade with growth potential to warrant being in a gold major - just. 300Kpa is just OK. The reserve should increase considerably over time and maybe they can increase the mill size. I'd prefer if they owned DEG though.

 

[rcw1]

They all pro bably gone hunting / fishing in the snow.... Good excuse...

When the lads were going on strike in Weipa, way back when, the cars and boat trailers lined up for k's at Rocky Point ha ha ha ha

Kind regards
rcw1

 

[divs4ever]

Pogo has the scale and grade with growth potential to warrant being in a gold major - just. 300Kpa is just OK. The reserve should increase considerably over time and maybe they can increase the mill size. I'd prefer if they owned DEG though.

learned some ( harsh ) lessons with gold miners in the Philippines , with difficult seasonal conditions and remote locations

from what i was watching on pay-TV reliability and durability count more than size ( large plant and parts can sometimes be a logistics nightmare )

i would not be surprised if Pogo continued to be a high cost producer even as new finds are being developed

but then 3 years down the track gold might be $US 3000 an ounce

 

[Sean K]

learned some ( harsh ) lessons with gold miners in the Philippines , with difficult seasonal conditions and remote locations

from what i was watching on pay-TV reliability and durability count more than size ( large plant and parts can sometimes be a logistics nightmare )

i would not be surprised if Pogo continued to be a high cost producer even as new finds are being developed

but then 3 years down the track gold might be $US 3000 an ounce

I should know this myself, but is Pogo in the snow for half the year with access problems or something?

 

[divs4ever]

I should know this myself, but is Pogo in the snow for half the year with access problems or something?

snow , ice , melting snow , ( everything gets wet/muddy )

think fighting in the Ukraine ( because you are operating heavy machinery )

in some cases hard snow is a good thing ( not so useful for solar-panels or wind-turbines , so carbon taxes will be higher )

i don't know how they run Pogo but one would imagine workers are FIFO ( which could bring additional hiccups )

on the flip-side , grades should be higher ( when you find more assets )

 

[Sean K]

snow , ice , melting snow , ( everything gets wet/muddy )

think fighting in the Ukraine ( because you are operating heavy machinery )

in some cases hard snow is a good thing ( not so useful for solar-panels or wind-turbines , so carbon taxes will be higher )

i don't know how they run Pogo but one would imagine workers are FIFO ( which could bring additional hiccups )

on the flip-side , grades should be higher ( when you find more assets )

Yeah, can be good or bad depending on the topo and how far north I suppose. I own AUT and their drilling program is for winter...

 

[rcw1]

snow , ice , melting snow , ( everything gets wet/muddy )

think fighting in the Ukraine ( because you are operating heavy machinery )

in some cases hard snow is a good thing ( not so useful for solar-panels or wind-turbines , so carbon taxes will be higher )

i don't know how they run Pogo but one would imagine workers are FIFO ( which could bring additional hiccups )

on the flip-side , grades should be higher ( when you find more assets )

I should know this myself, but is Pogo in the snow for half the year with access problems or something?

Hello divs4ever and SeanK
The harder it is to mine, the more resilient the workers need to become as the challenges await the company and it 'precious commodity' of skilled labour. Without researching have to be a fly in fly out arrangement or alternatively drive in drive out from Fairbanks airport.

Pongo region - 145 kilometres (220 kilometres by road) southeast of Fairbanks, Alaska:

March Climate & Weather Averages in Fairbanks​

High Temp: -4 °C ha ha ha ha ha ha
Low Temp: -18 °C
Mean Temp: -11 °C
Precipitation: 2.6 mm
Humidity: 68%
Dew Point: -16 °C
Wind: 7 km/h
Pressure: 1012 mbar
Visibility: 42 km

Goodpaster 3m @ 16.7 g/t;
North Zone 5.9m @ 56.6g/t;
South Pongo 2m @ 44.1 g/t

Decade ahead of high grade.
7M0z mineral resource;
2Moz Ore Reserve

NST would be getting em workers in, even if it is with dogs and a sled. and by parachute ... ha ha ha ha ha

Might just get to sell holding before close today (15/03/23)

Have a very nice week.

Kind regards
rcw1

 

[explod]

Getting into this Monday. I my view golds rise is set to continue against banks in trouble

 

[DrBourse]

Good evening
Nice little playground at the moment. See how long it lasts. Holding.
Have a very nice evening. Good night Irene

View attachment 154376

Hi rcw...... Bit concerned that you are making decisions based on Commsuc's Suspect Charts...... Your above snapshot of NST shows the Commsuc Candle for 14/3/23 as being GREEN (usually a +ive signal)...... That Candle on most other Software Programs is shown as a RED Candle (usually a -ive signal), see my snapshot below....... Hope you were cautious about reentering NST...... Most Day Traders would have sold on that RED Candle.... The NST TA atm is looking a bit sus IMO......

 

[DrBourse]

Anyone interested in Candle Colour Differences with different Software Providers may care to look at the explanations in the Forum "DrBourse TA Help for Beginners, page 5, post nrs 93, 94, & 96 all on 12/1/22".

 

[divs4ever]

Hi rcw...... Bit concerned that you are making decisions based on Commsuc's Suspect Charts...... Your above snapshot of NST shows the Commsuc Candle for 14/3/23 as being GREEN (usually a +ive signal)...... That Candle on most other Software Programs is shown as a RED Candle (usually a -ive signal), see my snapshot below....... Hope you were cautious about reentering NST...... Most Day Traders would have sold on that RED Candle.... The NST TA atm is looking a bit sus IMO......
View attachment 154629

thanks for the heads up on suspect candles , i have been skeptical about other data ( the age of it ) on that site ( and others )

i only take a slight interest in charts but i DO take some notice

cheers

 

[Sean K]

What are they really going to do with this $600m? I mean, I understand the growth capex for KCMG but how much does a new coffee machine cost at HQ? I'm sure they've explained the brand of the espresso machine in detail to the debt providers, but a hint of mining the market in here.

 

[divs4ever]

'general corporate purposes' and some for the Kalgoorlie expansion

isn't the order in reverse ??

surely NST doesn't need the bulk of the loan for 'general corporate purposes' it has several working mines most of them producing gold when selling prices should be well over $A 2000 an oz

hmmmm

back to reviewing options of what stocks i reduce in the coming weeks ( NST might move onto my reduce list , probably not the 'exit ' list )

cheers

 

[divs4ever]

an extra thought , since the debt is already in $US would the capex be better aimed at the North American assets

save those FX gambles of currency shifts

just asking

( as i do hold some NST )

 

[Sean K]

'general corporate purposes' and some for the Kalgoorlie expansion

isn't the order in reverse ??

surely NST doesn't need the bulk of the loan for 'general corporate purposes' it has several working mines most of them producing gold when selling prices should be well over $A 2000 an oz

hmmmm

back to reviewing options of what stocks i reduce in the coming weeks ( NST might move onto my reduce list , probably not the 'exit ' list )

cheers

I thought the reporters might have put it in that order, and maybe for a reason, but it's actually the order NST put it in as well.

Northern Star intends to use the proceeds from the Notes for general corporate purposes, including capital expenditures. Such capital expenditures may include the KCGM Expansion Project if and when a final investment decision approving the project is made.

I'm not convinced that this is very good communication to shareholders.

Maybe they need a war chest to buy something they have their eye on?

But, like you, I might be looking for an exit if this is just fluffing their corporate nest.

edit: addition quote from the company.

Commenting on the Notes issue, Northern Star Managing Director Stuart Tonkin said: “We are pleased with the investment grade ratings assigned to Northern Star, which reflect the strength and resilience of the business and our disciplined approach to capital management. Our continued performance and strong financial position have enabled Northern Star to successfully access the US bond market for the first time. “Proceeds from the Notes will provide Northern Star with further depth and flexibility of funding as we increase profitable production to 2Moz per year by FY2026 and consider other organic growth opportunities including the mill optimisation at KCGM.”

So, it's just propping up head office and maybe fixing the mill at KCMG, and that's it.

 

[divs4ever]

I thought the reporters might have put it in that order, and maybe for a reason, but it's actually the order NST put it in as well.



I'm not convinced that this is very good communication to shareholders.

Maybe they need a war chest to buy something they have their eye on?

But, like you, I might be looking for an exit if this is just fluffing their corporate nest.

was very much a Bill Bearment fan

this wasn't on my current reduce list yesterday ( need to reduce the portfolio by about $300K for a new project )

the banks are being difficult so looks like i will be eliminating the bankers ( including in the portfolio )

but we agree that is clumsy shareholder communication skills , at best ( also am not a fan of companies borrowing in USD when most of the deployment is in another currency ) , $A800 million should have been nicely achievable @ 6%( ish ) for senior debt

but will be watching on Monday maybe the market will like this news ( the market often amazes me ) i probably won't be hitting the exit but trimming the holding that is possible ( am nicely in front so far on NST )