Soaring gold prices offset lower production, higher costs and adverse exchange rates in the third quarter for OceanaGold.
The Australian-listed goldminer, which owns Macraes and Reefton mines in the South Island of New Zealand, reported a profit of $US10.9 million in the three monthe to September, a drop of 20% on the same period last year.
However, the result was 163% higher than the previous quarter.
Profit for the nine-month period more than doubled to $US29.8 million.
Chief executive Mick Wilkes says the current quarter is looking strong.