Northern Star lifts quarterly performance

Northern Star Resources says its latest quarterly results demonstrate its status as a consistent performer as it looks to continue to court investors.

The gold miner achieved stronger production for the September quarter as well as a reduction in its cash operating costs.

Northern Star recovered 26,009 ounces of gold for the quarter, up from 25,421oz in the June quarter.

Its cash operating cost fell from $795 per ounce in June to $671/oz in September, while its all-in sustaining cost fell from $1,098/oz to $996/oz over the same period.

"This performance is consistent with our objective of ensuring that Northern Star is one of the most desirable ASX-listed gold stocks for institutions," Northern Star managing director Bill Beament said.

"We continue to deliver robust margins, strong dividend yields and growth through exploration - all within the backyard of Western Australia."

The company's quarterly revenue was slightly lower at $35.4 million, compared to $35.6 million in the June quarter.

Northern Star defied challenging conditions in the gold sector to achieve a 30 per cent lift in profit for the 2013 financial year despite taking a hit on the value of its tenements and other assets. 

Shares in Northern Star were 0.6 per cent lower at 81 cents at 10:30AM WST.