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Northern Star Resources Ltd (ASX:NST)

ALERT: Price-sensitive ASX Announcement for NST
Current share price for NST : $20.250 1.6 (8.58%)+
Release
10 Jun 2026 1:11PM
Price at Release
$18.650
Full Release
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Summary
Northern Star Resources Ltd addressed recent commentary by Elliott Investment Management regarding its investment in the company and its suggestions for improvement. Elliott holds a 3-4% stake and recommended appointing a new CEO and enhancing the board with directors experienced in gold mining. Northern Star is progressing with CEO recruitment and other strategic projects, such as the Fimiston plant and Hemi project. The company remains open to corporate discussions, acknowledges its share price undervaluation, and emphasizes the importance of its workforce while aiming to optimize its asset portfolio.
Key Points
  • Northern Star Resources Ltd acknowledges recent press commentary by Elliott Investment Management.
  • Elliott Investment disclosed a 3-4% stake in Northern Star.
  • Elliott suggested actions to improve shareholder outcomes, including appointing a new CEO.
  • Northern Star is actively recruiting for a new CEO following Stu Tonkin's resignation.
  • The Board is looking to enhance with additional directors having deep gold experience.
  • Major development projects like the Fimiston plant and Hemi project are progressing.
  • Northern Star is open to corporate combination discussions but prefers strategic asset management.
  • Northern Star recognizes a share price undervaluation and aims for improvement.
  • The company values its workforce and remains committed to operational and strategic enhancements.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.