Newcrest Mining posts 22% jump in annual profit

Reuters | August 15, 2019 | 3:51 pm News Top Companies Australia Copper Gold 
Newcrest posts slight drop in third-quarter gold output
The Cadia Valley operation in New South Wales. (Image courtesy of Newcrest Mining)

Newcrest Mining (ASX: NCM) on Friday posted a 22.2% increase in annual profit, buoyed by robust gold and copper sales volumes from its flagship Cadia mine in New South Wales.

Australia’s biggest listed gold miner posted an underlying profit of $561 million for the full year ended June 30, compared with $459 million a year earlier.

The Melbourne-headquartered company declared a final dividend of 14.5 cents per share, up from 11 cents a year earlier.

(By Rashmi Ashok; Editing by Maju Samuel)

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