Northern Star Resources (ASX:NST) generated underlying free cashflow of $217.9 million in the June quarter from the sale of 262,717 ounces. Some other highlights include:
- Total sales for FY20 was 900,388 ounces while gold production amounted to 905,177 ounces, about 1.6% below the lower end of FY20 guidance.
- Fully-franked interim dividend of 7.5 cents a share shall be paid on July 16 for FY20 which was earlier postponed
- NST drew down a further A$200 million in debt in Q3 which it repaid on July 6, lowering its corporate bank debt to $500 million
NST reduced its hedge book to 536,426 ounces at $2,085 per ounce in the June quarter as part of its strategy to improve its exposure to the spot price.