Northern Star – Production Update

Northern Star Resources provided 4QFY20 trading update with production at 267 k/oz and sales 263 k/oz. Kalgoorlie and Jundee offset weaker results at Super Pit.

NST will resume dividend payments and the balance sheet improves following the paydown of $200m of debt.

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FY21 dividend yield increases to 2% with forecast EBIT of $1.2bn

We have a price target on NST of $15.50

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