An increase in the gold price increases the revenue of the gold producer. That usually increases the profit too, which is the answer to your question.
However, your favourite miner could decide to write down some assets, perhaps because the deposit wasn't as big as expected. In that case, the stock would fall in value, even though the price of gold was increasing. On the other hand, if the gold price remained flat for a number of years, perhaps your miner creates efficiencies which lead to increase profits, and an increase in the share price.
NST TA, page-34
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