Northern Star
Northern Star Resources is a potential trade setup once the price action crosses above the 10-day average.
Northern Star
6/6 update: Northern Star Resources is above the 10-day average, and the stop loss can be lifted to $14.10
Northern Star Resources is a buy with a stop loss below the $14 support level.
Northern Star
Northern Star Resources is a buy with a stop loss below the $14 support level.
Gold Producers
NST:ASX is under Algo Engine buy conditions and remains our preferred gold exposure.
A general review of the sector shows cost remains a concern for local gold miners with most companies reporting a lift in operating costs driven primarily by labour. A concern for the sector is the shortage of technical staff.
The average all in sustaining cost (AISC) per ounce for most local producers is A$1,525/oz.
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