Northern Star Says KCGM Gold Output Tracking Toward Lower End of Guidance

By Rhiannon Hoyle

Northern Star Resources said gold output from its KCGM operation is tracking toward the lower end of annual guidance, with commissioning-related issues constraining output last month.

The company said KCGM gold production for October was below plan at 15,300 troy ounces as performance of the processing plant remained variable. The company previously said it expects to produce between 550,000-650,000 ounces of gold at KCGM in fiscal 2027.

"Availability and throughput have been affected by a range of commissioning-related issues, including intermittent problems with the mill motor control systems (now addressed) and minor rectification work on selected equipment (ongoing)," Northern Star said in a statement Monday.

The miner said it is working with specialist technical support and equipment vendors to address the remaining issues and improve plant availability and reliability.

So far this month, plant performance is showing greater stability with increased availability and higher average throughput rates, Northern Star said.

"While commissioning performance has not progressed as smoothly as we would have liked, we are focused on systematically resolving the remaining issues, which we do not consider to be fundamental, and establishing stable, reliable operating performance," said Chief Executive Suresh Vadnagra.

"The issues identified to date do not change our confidence in the expanded plant or in the tremendous long-term value that KCGM will deliver. Mining operations are performing to plan and ore inventories continue to build, positioning KCGM well as plant performance stabilizes."

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

November 08, 2026 17:40 ET (22:40 GMT)