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Northern Star Resources Ltd (ASX: NST) is one of Australia’s largest gold miners, with operations in Western Australia, Northern Territory and Alaska. NST claims to have tier-1 world-class mining projects in very promising regions thanks to their low sovereign risk. NST shares have performed exceptionally well since 2010 — when they traded at just 2 cents! — thanks to its very savvy management team and carefully executed acquisitions.
The Northern Star Resources Ltd (ASX:NST) share price is down more than 5% on its plan to buy De Grey Mining Limited (ASX:DEG).
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished up +0.45% to 7,683.
The Northern Star Resources Ltd (ASX:NST) share price is down around 5% after revealing its March quarterly update.
A 3.8 per cent US inflation print contributed to a 0.4 per cent fall in the S&P/ASX 200 (INDEXASX: XJO).
The benchmark S&P/ASX200 (INDEXASX: XJO) surrendered 142.8 points, to 7,704.2, while the broader All Ordinaries (INDEXASX: XAO) fell 143.9 points, also 1.8 per cent, to 7,963.6.
The S&P/ASX 200 (INDEXASX: XJO) Index could not hold on to yesterday’s record close, dropping 92.5 points, or 1.2 per cent, to 7,588.2 points, with all 11 industry sub-indices losing ground.
The benchmark S&P/ASX 200 (INDEXASX: XJO) closed up 80.5 points, or 1.1 per cent, to 7,680.7 – 51.8 points, or 0.7 per cent, above the previous closing record of 7,628.9 points, which was reached in August 2021. The broader All Ordinaries (INDEXASX: XAO) index added 77.8 points, or 1 per cent, to 7,912.8.
The benchmark S&P/ASX 200 (INDEXASX: XJO) index added 21.8 points, or 0.3 per cent, to 7600.2 at the closing bell, with seven out of the 11 sectors finishing in the green. The All Ordinaries (INDEXASX: XAO) edged up 0.3 per cent.
The S&P/ASX 200 (INDEXASX: XJO) closed up 23 points, or 0.3 per cent, to 7578.4, around 50 points shy of its all-time high reached in August 2021. The broader All Ordinaries (INDEXASX: XAO) gained 23.1 points, also 0.3 per cent, to 7,808.3.