Share Price, Latest News, Analyst Forecasts and 2026 Catalysts (18 Dec 2025)

Sydney, 18 December 2025 — Northern Star Resources Ltd (ASX: NST) shares traded lower on Thursday as Australian equities softened and gold-miner sentiment cooled, even with bullion still hovering near historic highs. By late afternoon in Australia, spot gold was steady around US$4,332/oz, with investors focused on upcoming US inflation data and what it could mean for interest rates and the US dollar. [1]

That macro backdrop matters for Northern Star because gold miners are, in practice, a hybrid of commodity exposure and operational execution: the gold price can lift revenue quickly, but costs, project delivery, and mine performance decide whether that revenue becomes free cash flow.

Below is what’s moving Northern Star stock today,…

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