Shares in Norton Gold Fields Limited (ASX:NGF) jumped yesterday after boosting its production guidance.
The gold producer has increased its annual production expectations by 9 per cent following a strong first half.
Norton Gold Fields now expects to deliver between 163,000-167,000 ounces at a cash cost of between $970 to $1,010 per ounce.
Earlier this week the miner scored the green light from Australia’s Foreign Investment Review Board to acquire Kalgoorlie Mining Company Limited (ASX:KMC)
Shares in Norton Gold Fields rose 16 per cent to end at $0.145 yesterday.
Norton Gold Fields reported a net profit of $11.8 million in the 2012 financial year.