Newcrest soldiers on as growth projects advance
Newcrest Mining has reported a slide in full-year profit and halved its dividend from a year ago, hit by rising costs and lower output at its Lihir (PNG) and Cadia (New South Wales) mines.
The country’s biggest gold miner said underlying profit came in at $872 million for the year, and declared a final dividend of 20 cents per share, half that paid a year earlier.
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