Category: News

Northern Star doubles profit

Northern Star doubles profit

Northern Star Resources (ASX: NST) reports a record-breaking FY25 marked by high gold prices, steady production and the acquisition of De Grey Mining’s (ASX: DEG) Hemi development project. FY25 has seen several miners report record-breaking years, thanks largely to similarly remarkable gold prices. Gold has surged multiple times throughout the year, thanks in part to global uncertainty around aggressive tariffs driving investment into the industry. Northern Star has reported $6.4b in revenue, up 30% from FY24’s $4.9b, as well as an underlying net profit of over $1.4b after tax, which has more than doubled from last year. The miner has also reported a record group underlying free cash flow of $536m, with shareholders seeing fully franked dividends of 30c/share. Whilst…

(Image source: CIMIC Group) In total, the contracts will provide approximately $150 million in revenue for UGL across multiple years.

UGL unlocks $150m in contracts

CIMIC Group company UGL has been awarded several new contracts and contract extensions with existing WA clients: Alcoa (ASX: AAI), bp, Chevron and Woodside (ASX: WDX). UGL has been awarded a contract with Chevron Australia for construction services, supporting the installation of modules, equipment, structure, piping and electrical and instrumentation works. Additionally, UGL has received an 11-month contract extension for the supply of services to Alcoa’s mining and refining operations in WA for the continued management and execution of mechanical, electrical and access services for maintenance work. UGL has also received a two-year contract extension on the supply of maintenance, tank turn around and construction services to BP at the Kwinana Energy Hub. A one-year extension of a non-binding Framework…

Latitude66 set to drill high-potential gold targets at Edjudina

Latitude66 set to drill high-potential gold targets at Edjudina

Latitude 66 (ASX: LAT) has announced the planned commencement of a drilling program at its Edjudina Project, located in the Laverton region of WA. The planned drilling program will commence in March this year and consists of up to 9,000m of aircore and potentially follow up reverse circulation drilling to test multiple significant gold-in-soil surface anomalies. This follows from previous exploration works completed across the project area, which have shown substantial potential given their scale and proximity to known mineral occurrences and infrastructure. Latitude66 has also signed a drill for equity agreement with Raglan Drilling, allowing the company to complete up to 9,000m of drilling, with 25% of the cost payable through the issue of new shares under its available…

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