Northern Star: Interim result 2015

Bold acquisitions have worked for the miner but there are a few reasons to fret, too.

Investors accustomed to seeing results from gold miners would barely recognise those released from Northern Star Resources. Unlike almost every other peer, Northern Star eschews production and operating metrics to focus on profitability and cash flow – it even reports return on equity. Costs are plainly accounted and capital expenditure plans outlined and justified. If only all gold miners showed as much dedication to profits.


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