Northern Star Resources (ASX: NST) has posted a $7.6 million net profit for the six months to 31 December 2013, down from $22.3 million in the previous
corresponding period. A fall in the gold price was offset by increased production at its Paulsens Gold Mine in WA.
The lower gold price delivered both reduced margins and a $2.4m hit stemming from the revaluation of the stockpile. Production increased from nearly 40 thousand ounces to over 50 thousand ounces reflecting a $30 million expansion of facilities.
The interim dividend will be maintained at 1 c a share fully-franked. Shares in Northern Star closed 7.17 per cent lower at $1.16 on Thursday.
