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Australian miner Northern Star drops gold hedging to cash in on rising price
By Mark Wembridge
Australian Financial Review
Thursday, July 24, 2025
Northern Star Resources has axed its forward hedging policy to take advantage of the soaring gold price, as it grapples with problems at its Super Pit mine in Kalgoorlie that have curbed production and increased costs.
The ASX's biggest listed gold producer had previously hoped to produce as much as 1.8 million ounces in the 2025 financial year, but abandoned that forecast. Northern Star confirmed that it could sell only about 1.6 million ounces this year, and that slower output would continue into 2026. ...
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Northern Star has dropped its policy of selling some of its gold on forward hedging contracts, to give it greater exposure to booming prices. The miner currently has hedging contracts in place for about 1.4 million ounces at an average price of $3,286 each, well below the spot price. ...
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