Australia's second largest gold miner has cut more than 200 jobs over the past six months after purchasing a series of gold mines.
Northern Star Resources managing director Bill Beament said the West Australian company had reduced its workforce at its operations in Kalgoorlie plus its Plutonic mine, but no redundancies occurred at its recently acquired Jundee mine.
"At this point in time we don't see anything else changing," he said.
Around 90 voluntary redundancies occurred at Kalgoorlie while staff numbers at Plutonic had been reduced by about 140.
Northern Star recently beat its quarterly production target and said it expects to produce between 550,000 and 600,000 ounces of gold at between $1,050 and $1,100 an ounce during the 2014/15 financial year.
The company's latest acquisition, the Jundee mine, produced an additional 75,000 ounces of gold during the June quarter, but was not included in the quarterly result.
The company plans to reduce costs by about ten per cent over the upcoming year, through supply and productivity improvements.
Mr Beament said the company planned to install another director on the company's board over the next six months, as the company expands.
"We're very quickly and rapidly growing," he said.
He said key investors such as investment manager Blackrock were driving a push towards higher margins rather than volumes.
"We can't control the gold price, but we can control our costs," he said.
Mr Beament said labour costs across the industry were around 10 to 15 per cent lower than recent years.
He added that Northern Star's wages were in line with major global miners such as Barrick Gold and Newmont.
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