Northern Star Resources Limited
(ASX:NST) surged to the best performing stock in the S&P/ASX 200 index after beating its quarterly production guidance.
The gold producer says it exceeded June quarter guidance by a substantial margin on the back of strong results across it operations.
Gold produced and sold from the Paulsens, Plutonic, Kundana and Kanowna Belle projects came in at 115,819 ounces in the three months to the end of June.
Managing Director Bill Beament says the company is well on track to achieve its goal of being the second-biggest and one of the most profitable ASX-listed gold producers.
Shares in Northern Star Resources surged 14.02 per cent to close at $1.51 following the announcement.
Northern Star Resources reported a net profit of $7.6 million in the first half of the 2014 financial year.
