What smart money is saying about Northern Star Resources
1 fund in our archive has pitched Northern Star Resources — most recently PM Capital Global Companies Fund, Australian Companies Fund & Enhanced Yield Fund in September 2026.
Northern Star Resources Limited engages in the exploration, development, mining, and processing of gold deposits in Western Australia and Alaska. It also sells refined gold. The company was incorporated in 2000 and is headquartered in Subiaco, Australia.
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Position history
Every position in Northern Star Resources on record in the archive was reported in Q3 2026, across 2 fund letters, with 1 buy (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 1 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 2 positions · 1 move
- September 2026
“Northern Star re-rated on a board reset following engagement with Elliott, and on corporate interest.”
Northern Star Resources - August 2026
“Gold miners Newmont (+35%) and Northern Star (+18%) benefited from strength in the gold price and stock specific re-rating following earnings and strategic announcements. The 10% increase in the gold price during the month reflected a combination of continued central bank buying, real rate compression, and growing investor focus on sovereign debt sustainability across major developed markets. We took advantage of the relative market movements to manage position sizing, reducing Newmont and increasing Northern Star.”
Northern Star Resources
Also mentioned · 1
These funds discuss Northern Star Resources — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedL1 Capital Gold Fund LimitedSeptember 2026
“Particularly notable for the gold sector was Gold Fields acquisition offer for Northern Star at a 22% premium to last close, with 73% of the consideration offered in Gold Fields shares.”
Northern Star Resources
Fund coverage · 1 thesis
Northern Star is on the cusp of a significant free cash flow inflection as the Kalgoorlie mill ramps up and legacy hedges roll off, with the board rightly rejecting an undervaluing takeover offer.
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