The Northern Star Resources Ltd (ASX: NST) share price hit a 52-week high of $9.83 today after the gold miner handed in a strong interim profit report this week.
For the six month period ending December 31 2018 Northern Star posted an underlying profit of $89.1 million on revenue of $633.5 million, with the results up 11% and 43% respectively over the prior corresponding period.
The miner will pay an interim dividend of 6 cents per share on underlying earnings of 14.6 cents per share.
It is on track to meet fiscal 2019 guidance for total production of between 850,000 to 900,000 0z of gold at an all in sustaining cost between $1,125 and $1,225 per ounce. The group has $292 million in cash, bullion and other investments in hand.
Northern Star is also a beneficiary of a weaker Australian dollar as its costs are in local dollars, but it sells its gold in U.S. dollars. Others to watch in the gold mining space include St Barbara Ltd (ASX: SBM) and Newcrest Mining Limited (ASX: NCM).
