Northern Star Resources
(ASX:NST) has beat its key target with a $46 million cash flow for 2011.
The gold miner says it’s on track to grow production from 80,000 ounces a year to 200,000 ounces a year.
In a statement released today, Northern Star says it’s 2011 calendar year guidance has been exceeded by 15 per cent and it had a solid December quarter at its flagship Paulsens mine in Western Australia, the best achievement since acquisition.
Managing director Bill Beament says the exceptional organic growth opportunities put the miner in a strong position to take advantage of new corporate and project opportunities.
Northern Star reported a profit of $16.28 million in the year to June 2011.
