The share price of gold miner Northern Star took a tumble on Thursday after the company revealed it would spend a record A$76-million on its exploration budget for the 2020 financial year, along with a further A$116-million of expansionary capital.
The company has reported a 31% increase in group resources, which now stood at 20.8-million ounces, after the depletion of 915 000 oz and 1.9-million ounces at the Kalgoorlie operations were shifted to unclassified, and removed.