Northern Star Resources completes $192m share buyback program, part of strategic capital allocation

From Yahoo Finance: 2025-05-20 06:58:00

Australian gold mining company Northern Star Resources has successfully completed its inaugural on-market share buyback program, worth A$300m ($192m). The program, which began in September 2022, saw the acquisition of 27.17 million shares at an average price of A$11.04 per share. The buyback initiative is part of Northern Star’s strategic capital allocation approach to maximize shareholder value, alongside investing in organic growth and maintaining a strong balance sheet. The company’s dividend policy aims for a payout target of 20–30% of cash earnings. Northern Star also reported a robust balance sheet in its first-quarter report, with a net cash position of A$181m despite a dividend payment of A$279m. Additionally, the company recently completed the acquisition of gold mining company De Grey Mining.



Read more at Yahoo Finance: Northern Star completes $192m on-market share buyback