Gold miner Northern Star reports record cash earnings in FY23, increases dividend

- Northern Star Resources , a senior global gold producer, reported Thursday that its operations delivered FY23 production and revised cost guidance with 1,563koz gold sold at an AISC of A$1,759/oz .

The company added it is on track to deliver 1,600-1,750koz gold sold at an AISC of A$1,730-1,790/oz in FY24. Importantly, the company’s net profit after tax amounted to A$585 million in FY23, an increase of 29% compared to FY22 .“For FY23, total dividend returns of A26.5cps, corresponding to 25% of cash earnings, was higher than the FY22 total dividend returns of A21.5cps,” the company said.

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