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Newcrest profits soar in half-year

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.