Northern Star’s profit soar

Gold miner Northern Star Resources has reported a 53% increase in its underlying net profits after tax for the half-year ended December, on the back of higher gold prices.

Underlying net profits for the interim period was reported at A$139.4-million, while statutory net profits were up by 54%, to A$126.8-million, and earnings before interest, tax, depreciation and amortization (EBITDA) increased by 45%, to A$322.3-million.