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Dual-listed Resolute Mining, which has gold mines in Mali and Australia, reported a modest fall in first-half profit after higher revenue was offset by investment spending.
Net profit for the six months through June fell 1% to A$38.9m, even as revenue rose 33% to A$324.0m.
Adjusted profit rose 9% to A$35.7m.
Resolute said it continued to 'invest heavily in the business', with capital expenditures on development, evaluation, property, plant and equipment totalling $150m and exploration and evaluation expenditure of $6.5m.
A total of 176,237 ounces of gold were produced and 176,924 ounces of gold was sold at an average realised price of US$1,275 per ounce.