Northern flags $100m FY18 spend
Northern Star will continue to organically grow its assets during FY18. Image: Northern Star Resources. BY CAMERON DRUMMOND GOLD producer Northern Star Resources has flagged an annual spend of $100m for exploration and expansion in FY18 after posting record financial year results. The WA-based miner’s profit after tax rose 42 per cent from FY16 to $215.3m, which included a $26.4m profit from the sale of its Plutonic mine. The result came after Northern Star invested a whopping $130m to increase overall gold production to 600,000 ounces per annum (ozpa) in 2018. The company also posted record earnings before interest, tax, depreciation and amortisation (EBITDA) of $461.3m, up 16 per cent from the previous corresponding period; as well as an overall…