Revenue distribution by sectors:

• Mining (gold production): 100% (2025)

TOP 3 markets and their percentage shares:

1. Australia: approx. 60%
2. North America: approx. 25%
3. Asia: approx. 15%

Northern Star Resources Limited is primarily engaged in gold mining and generates its revenues mainly from the sale of gold. The Australian market is the largest as the company operates its main production facilities there. North America and Asia follow, with these markets also being significant due to the demand for gold and strategic partnerships.

Production sites of Northern Star Resources Limited:

1. Kalgoorlie, Australia
2. Yandal, Australia
3. Pogo, Alaska, USA

Northern Star Resources Limited is a leading gold mining company mainly operating in Australia and the USA. The most significant production sites are located in the Kalgoorlie and Yandal regions in Western Australia, known for their rich gold deposits. Additionally, the company operates the Pogo Mine in Alaska, USA, which is also considered an important production site.

These strategically positioned mines enable Northern Star to maintain a strong position in the global gold market and benefit from the stable political and economic conditions in these regions.

Revenue growth: 8.5% (2024) Capital expenditures: 1.2 billion AUD (2024)

Northern Star Resources Limited pursues a growth strategy that focuses heavily on increasing production capacities and optimizing existing mines. In 2024, the company made significant investments totaling 1.2 billion AUD to enhance the efficiency and capacity of its gold mines.

Another key focus is on exploring new gold deposits to expand reserves and ensure long-term production security. Northern Star also relies on technological innovations to reduce operating costs and improve the sustainability of its mining activities.

Additionally, the company plans to further expand its market position and tap into new markets through strategic acquisitions and partnerships. This strategy is intended to enable the company to benefit from rising gold prices and maximize shareholder returns.

Main raw material: Gold

Imported materials: Machinery and equipment, chemicals for processing

Countries of origin:

• Machinery and equipment: USA, Germany
• Chemicals: China, South Africa

Northern Star Resources Limited is primarily a gold producer and mainly imports machinery and equipment as well as special chemicals required for the processing and extraction of gold. The machinery and equipment are often sourced from the USA and Germany, as these countries are known for their high-quality mining equipment. Chemicals used in gold processing often come from China and South Africa, as these countries are significant suppliers of industrial chemicals.

Market share in the gold sector: approx. 5% (2024, estimate)
Production cost per ounce of gold: 1,100 USD (2024, estimate)
Gold production: 1.6 million ounces (2024, estimate)

Northern Star Resources Limited has established itself as one of the leading gold producers in Australia, with an estimated market share of around 5% in the global gold sector. The company benefits from strong operational efficiency, reflected in relatively low production costs of about 1,100 USD per ounce of gold. This enables Northern Star to remain profitable even with fluctuating gold prices.

Another competitive advantage lies in the strategic location of their mines, which are situated in politically stable regions. This reduces the risk of disruptions and ensures continuous production. Additionally, the company continuously invests in exploration and technology to expand its resource base and increase efficiency.

Overall, Northern Star Resources Limited offers a solid competitive advantage through efficient cost structures, strategic location choices, and continuous investments in securing the future.

Institutional Investor Share: 60% (estimated, 2025)
Insider Buys/Sells: No significant transactions in the last quarter (2025)

Northern Star Resources Limited has a high proportion of institutional investors, indicating the confidence of major financial institutions in the company's stability and growth potential. The estimated 60% share demonstrates strong institutional participation, which can contribute to a certain stability in the stock price.

There were no significant insider transactions in the last quarter, suggesting that the management and other insiders are currently not making significant changes to their holdings. This could indicate confidence in the current company strategy and development.

Market share of Northern Star Resources Limited (NST): 8% (2025, estimated)

Main competitors and their market shares:

1. Newmont Corporation: 15%
2. Barrick Gold Corporation: 13%
3. Agnico Eagle Mines Limited: 10%
4. AngloGold Ashanti Limited: 9%
5. Northern Star Resources Limited: 8%
6. Gold Fields Limited: 7%
7. Kinross Gold Corporation: 6%
8. Newcrest Mining Limited: 5%
9. Harmony Gold Mining Co. Ltd: 4%
10. Yamana Gold Inc.: 3%

Moat of Northern Star Resources Limited:

Northern Star Resources Limited has secured a solid position in the market through strategic acquisitions and efficient operations. The company's moat mainly consists of its high-quality gold mines in Australia and North America, which are among the most cost-effective in the industry. This geographical diversification provides a certain level of stability against regional risks and market volatilities.

However, compared to its competitors, Northern Star has a less pronounced moat than industry leaders like Newmont or Barrick, which have a larger global presence and more extensive resources. These companies benefit from broader diversification and a stronger financial base, giving them an advantage in developing new projects and coping with market fluctuations.

In summary, Northern Star Resources has a respectable but not dominant moat. The company must continue to invest in efficiency and expansion to compete with the leading gold producers.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Gold Production: 1.6 million ounces (2024)

Northern Star Resources Limited recorded solid revenue growth of 8.5% in 2024, attributed to increased gold production and efficient operational processes. The profit growth of 10.2% indicates that the company was able to effectively manage its costs and benefit from the rising gold prices.

The gold production of 1.6 million ounces in 2024 shows that Northern Star has achieved its production targets, which is a positive signal for investors. Continued investment in mine infrastructure and exploration could further increase future production potential.

Overall, Northern Star Resources demonstrates strong operational performance and solid financial results, making the stock a potentially attractive investment, especially for investors interested in stability and growth potential in the gold sector.

Dividend yield: 3.5% (2024) Dividend history: Continuous distribution over the past 5 years

Northern Star Resources Limited has regularly paid dividends to its shareholders in recent years. The dividend yield was recently around 3.5%, which can be considered solid compared to other companies in the mining industry.

The company has pursued a stable dividend policy based on a solid financial foundation. This is reflected in its ability to pay dividends even in economically challenging times. Analysts view Northern Star's dividend policy as reliable due to the company's strong balance sheet and good cash flow generation.