Sydney, Feb 15, 2026, 17:05 AEDT — The market wrapped up for the day.
- Northern Star Resources wrapped up Friday at A$28.37, slipping 3.47% after a choppy week for gold stocks on the ASX.
- The miner will pay an interim dividend of A$0.25 per share, filings indicate. Shares go ex-dividend March 4, and payment lands March 26.
- Gold surged over 2% Friday after softer U.S. inflation numbers rekindled hopes for rate cuts—momentum that traders say is still steering daily moves in mining stocks.
Northern Star Resources’ shares face Monday’s open after Friday’s slide, with the looming dividend clock starting to count as March nears.
Shares wrapped up Friday at A$28.37, falling 3.47%. The session saw highs up to A$29.08 and lows at A$27.89, according to market data. Roughly 6.7 million shares changed hands.
Here’s the thing: Northern Star stands out as one of the ASX’s go-to gold proxies, yet the surge in gold prices hasn’t really spilled over into gold stocks. There’s a split—some investors are active in the metal itself, while others are weighing up if higher costs and project spends could end up outweighing any upside.
The dividend throws a quick technical hitch into the mix. “Ex-dividend” marks the cutoff—anyone buying after that misses the next payout. Typically, shares shave off about the dividend’s value right then, assuming nothing else changes.
Northern Star pegged its latest dividend at A$0.25 per share, according to its Appendix 3A.1 notice. Shares will trade ex-dividend on March 4, with March 5 marked as the record date and a payment slated for March 26. Investors have until March 6 to opt in to the company’s dividend reinvestment plan.
Thursday’s half-year update from CEO Stuart Tonkin had the board announcing a dividend “despite a soft operating performance,” citing the company’s net cash reserves and ongoing major investment projects. Nsrltd
The update didn’t let up on guidance risk. Previously, the miner trimmed its FY26 group production outlook to 1,600–1,700 thousand ounces, while pushing the all-in sustaining cost (AISC)—which wraps in sustaining capital—up to A$2,600–A$2,800 per ounce.
The other piece in motion: gold. “Gold, and particularly silver, is enjoying a relief rally after a mild January CPI reading,” said Tai Wong, an independent metals trader, in a Reuters report on Friday. Reuters
Friday brought a sharper drop for the ASX, which lost 1.39%—the gold sector slid as well, according to Investing.com.
Still, things could shift fast for Northern Star. Should bullion reverse Friday’s climb or if cost inflation comes in hotter than anticipated, that dividend support might suddenly look shaky. High project spending, too—timelines there could soon draw fresh scrutiny.
Investors now have their eyes on Northern Star’s March-quarter numbers, coming out April 22. Before that, the March 4 ex-dividend date is expected to influence how people position themselves.
