Northern Star not budging on cash stash

Original article by Brad Thompson
The Australian Financial Review – Page: 27 : 24-Aug-18

Gold miner Northern Star Resources has posted a 2017-18 net profit of $194.1m, which is three per cent higher than previously. EBITDA rose by four per cent to $442.9m and revenue was up 11 per cent at $964m. The company has spent $212m on exploration in the last five years, and it has allocated a further $60m for exploration in 2018-19. Northern Star Resources has cash reserves of $443m, but CEO Bill Beament has downplayed talk of capital management initiatives. He says a healthy balance sheet is desirable given that the company is in growth mode.

CORPORATES
NORTHERN STAR RESOURCES LIMITED – ASX NST, RBC CAPITAL MARKETS, S&P GLOBAL MARKET INTELLIGENCE

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