Why it matters: Northern Star will write-back a worthless pile of rubble destined for processing.
It stands to realise $2 billion.
The miner will pay a final 15.5¢ dividend and extend its on-market share buy-back.
Gold miner Northern Star says its stockpile of once worthless rubble is now valued at $2 billion thanks to the approval of its Superpit mill expansion in Kalgoorlie lowering the cost of processing the precious metal.
The value of the rubble has been revised because the mill expansion lowers future processing costs, turning uneconomic, sub-grade stockpiles into money spinners, said Barrenjoey analyst Dan Morgan.
