Australian gold mining company makes 473% profit

Australian gold mining company Northern Star shocks investors with 573 percent profit

Huge profits for Australian gold mining company  – $50 million set aside for future exploration

Northern Star Resources has sent shivers down the spines of many gold mining executives by posting a massive 573 per cent net profit increase.

This has been achievable by getting many of their newly acquired gold mines on line and into the production phase.

Are you looking for training for gold mining jobs in Western Australia? Read this

Northern Star Resources Limited is an Australian Stock Exchange listed compnay (ASX: NST) and the second biggest ASX-listed gold producer with a staggering annual production of 550-600,000 ounces of gold each year. Their sale price for gold averaged about $1,407/oz with estimated production costs of some $1,057 an ounce.

$50 million set aside to find new gold deposits

The dynamic Australian gold mining company independently owns and operates WA gold mines at Paulsens, Plutonic, Kanowna Belle, Kundana (including the East Kundana Joint Venture (NST’s interest: 51%)) and Jundee. Northern Star Resources continue to be very proactive in exploration in WA, with $50 million set aside to find new gold deposits.

Back in 2014, Northern Star Resources went shopping and purchased Jundee, Plutonic, Kundana and Kanowna Belle mines, taking its gold sales to 292,840 oz in the half of 2014, up 50,927 ounces in the same period of 2013.

471 percent revenue growth

Revenue from gold mining for the half of 2014 was 471 per cent higher with a value of $412.1 million.

Northern Star Managing Director Bill Beament said the rise of gold production and the associated cash-flow from it proved to the market that the company had achieved their goals of becoming a well recognised Australian gold mining company, complete with the ability to scale up and compete in a competitive market.

“The increased dividend and rise in the Company`s return on equity from 7 percent to 17.6 percent half-on half are the most important measures of Northern Star`s achievements,”ť Beament said.

Northern Star Resources aims to maintain production at an annual rate of 550,000-600,000 ounces of gold each year at an all-in sustaining costs” (AISC) of $1,050to $1,100 per ounce.

Australian gold mining company Northern Star Resources

If you’re looking for gold mining jobs in Australia – start your research by reviewing NRS’s current gold mining operations.

On the Northern Star Resources, you will find a lot of information on their entire business. This is essential reading if you are in WA and looking to get into gold mining. On the website you’ll find additional information on careers, who runs the company, their latest news (find out about where the next jobs are),  you can even subscribe to their ASX email newsletter. This is the perfect place to keep yourself updated on where the next jobs are.

Find out at much as you can

The Investor Centre links on their website will reveal some important facts about Northern Star Resources, including the latest financial reports, investor presentations, media articles and events. If you want a job in the mining sector, this is exactly what you have to do… get researching and find out everything you can about the business.

Look for job opportunities

Look for opportunities; don’t wait to see jobs advertised on the mining jobs boards… get started now and create your own mining jobs future.

We have already been given a clue that Northern Star Resources have about $50 million set aside for drilling and exploration. This should be a good signal to make further enquiries if you are a driller or drillers assistant and would be comfortable working in remote regions of WA.

Stay up-to-date with the latest mining news from Australia with iMINCO Project News. It’s packed with reviews, articles, jobs, recruitment advice and tips on how to land that mining job that’s eluded you for some time. Jobs are out there, you just have to lift your game and realise, you rarely get jobs by answering advertisements – you have to go find the jobs before they’re even advertised.

iMINCO Project News

Additional resources for mining job seekers: Help me write a good resume | Are resume scanners blocking your job applications? | The trick to successful job interviews

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The Bowen Basin contains the largest coal reserves in Australia. This major coal producing region contains one of the world’s largest deposits of bituminous coal.

The Basin contains much of the known Permian coal resources in Queensland including virtually all of the known mineable prime coking coal. It was named for the Bowen River, itself named after Queensland’s first Governor, Sir George Bowen.

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