Northern Star stock: KCGM ramp-up heads toward low end of guidance

Published on 11/13/2026 at 20:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Northern Star stock faces a slower KCGM ramp-up after October output missed plan. FY27 guidance stayed unchanged as Hemi cleared primary environmental approvals.

KCGM Ramp-Up Sets the Tone

October KCGM output reached 15,300 ounces from 766,000 tonnes processed, leaving production on track toward the lower end of the 550,000-to-650,000-ounce range.
FY27 group gold-sales guidance remains at 1.5 million to 1.65 million ounces, with output weighted toward the second half.
Hemi has received primary federal and Western Australian environmental approvals, while further permits and land access work remain.

Northern Star, AU000000NST8, Illustration mit AI erstellt.

Northern Star Resources is working to stabilise the expanded KCGM processing plant after commissioning issues pushed October gold production below plan. Australian Mining reported the update on November 9, 2026.

KCGM produced 15,300 ounces from 766,000 tonnes of ore processed in October. Intermittent mill motor-control problems and equipment rectification work affected plant availability and throughput; the motor-control issues have since been resolved, with further work continuing to improve reliability and processing rates.

KCGM Output Tracks Lower

KCGM production is tracking toward the lower end of Northern Star's 2026-27 guidance range of 550,000 to 650,000 ounces. The eventual outcome depends on the pace of the expanded plant's ramp-up over the rest of the financial year.

Performance improved in early November, with higher availability and average throughput rates. Mining at KCGM's open-pit and underground operations continued in line with plan, while higher-grade ore inventories built ahead of the planned second-half ramp-up.

Northern Star kept group FY27 gold-sales guidance at 1.5 million to 1.65 million ounces. The company expects production to be weighted toward the second half as the expanded KCGM plant progressively ramps up.

Hemi Clears Primary Approvals

The Hemi gold project received its primary federal approval under Australia's Environment Protection and Biodiversity Conservation Act and state approval under Western Australia's Environmental Protection Act. The milestone advances the project, but management plans, groundwater licensing and other regulatory work remain part of the development process.