Northern Star Resources Ltd (NST.AU) saw its stock price soar 5.06% during intraday trading on Thursday, following the release of its robust fiscal first-half financial results.
The gold miner reported underlying earnings per share of AU$0.532, significantly surpassing the FactSet consensus estimate of AU$0.43. Revenue for the period reached AU$3.41 billion, also beating expectations of AU$3.35 billion. The company posted a substantial 49% increase in its first-half underlying net profit after tax, which rose to A$759.8 million, boosted by higher realized gold prices.
Additionally, Northern Star Resources declared an interim dividend of AU$0.25 per share. While the company updated its fiscal 2026 guidance with a lower production forecast and higher cost projections, the strong earnings performance and profit growth appear to have driven positive investor sentiment during the trading session.