KMC NGF

News: Norton Gold shares jump on boosted guidance

  1. FNN News
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    26/07/13
    09:11
    Post #: 12113224
    .


    Shares in Norton Gold Fields Limited (ASX:NGF) jumped yesterday after boosting its production guidance. 


     


    The gold producer has increased its annual production expectations by 9 per cent following a strong first half. 


     


    Norton Gold Fields now expects to deliver between 163,000-167,000 ounces at a cash cost of between $970 to $1,010 per ounce.


     


    Earlier this week the miner scored the green light from Australia’s Foreign Investment Review Board to acquire Kalgoorlie Mining Company Limited (ASX:KMC).


     


    Shares in Norton Gold Fields rose 16 per cent to end at $0.145 yesterday. 


     


    Norton Gold Fields reported a net profit of $11.8 million in the 2012 financial year. 

    NGF Price at posting: 14.5¢ Sentiment: None Disclosure: Held
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