Gold miner Newcrest Mining has reported a 333% increase in underlying profits for the six months to December 31, as revenues increased by 17% and operating cash flow increased by 64%.
“I am please with our operational performance this half. Lihir achieved its target mill throughput rate of 13-million tonnes a year and Cadia achieved significant milestones in cave development and interaction,” said Newcrest CEO and MD Sandeep Biswas.