Up 92% since August, why is the Northern Star share price lifting off again today?

The Northern Star Resources Ltd (ASX: NST) share price is charging higher today.

Shares in the S&P/ASX 200 Index (ASX: XJO) gold stock closed yesterday trading for $28.26. In morning trade on Thursday, shares are changing hands for $29.35, up 3.9%.

For some context, the ASX 200 is up 0.3% at this same time.

Taking a step back, the Northern Star share price has gained a market-beating 60.4% over the past 12 months. That’s atop delivering two dividends (partly franked) totalling 55 cents per share.

And investors who waded in and bought the ASX 200 gold miner at its one-year closing lows of $15.30 on 1 August will be sitting on gains of 91.8% at the time of writing.

Part of that strong outperformance has been driven by the rocketing gold price. While down from the record highs notched in late January, the yellow metal is currently fetching US$5,097 per ounce. That sees the gold price up more than 52% over 12 months.

Of course, Northern Star has hardly been sitting idle.

Here’s what’s grabbing investor interest again today.

Northern Star share price jumps on 49% profit surge

The ASX 200 gold miner released its half-year results covering the six months to 31 December before market open this morning (H1 FY 2026).

The Northern Star share price looks to be getting a boost, with the miner reporting a 19% year-on-year boost in half-year revenue to $3.41 billion. The company credited the revenue surge to the 31% increase in its average realised gold prices.

Underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) also enjoyed a big lift, rising 34% from H1 FY 2025 to $1.88 billion. Earnings were buoyed by higher gold prices but hindered by increased mining costs.

On the bottom line, Northern Star delivered underlying net profit after tax (NPAT) of $760 million. That’s up 49% year on year.

With profits surging, management declared a conservative fully-franked interim dividend of 25 cents per share. That’s in line with last year’s interim dividend, although that one came without franking credits.

As at 31 December, the miner held net cash of $293 million, with cash and bullion holdings totalling $1.18 billion.

What did management say?

Commenting on the half-year results helping lift the Northern Star share price today, managing director Stuart Tonkin said:

This first half result demonstrates the resilience and growing returns we are embedding in our business, which allowed the board to declare a 25 cents per share interim dividend despite a soft operating performance.

Our balance sheet remains in a net cash position notwithstanding the significant investments we are making to transform Northern Star into a lowest-half global cost producer.

The post Up 92% since August, why is the Northern Star share price lifting off again today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.