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Northern Star reports solid half

Gold miner Northern Star Resources has reported a 61% surge in net profits after tax for the six months ending December, compared with the previous corresponding period.

The miner told shareholders on Monday that the increase in net profit was driven by the A$19.9-million profit from discontinued operation, which included a A$15.3-million gain from the sale of the Plutonic gold operations in October of last year, compared with a A$7.2-million loss from discontinued operations in the previous corresponding period.