Lihir mine finally shines for Newcrest

Original article by Nick Evans
The Australian – Page: 19 : 20-Aug-21

Newcrest Mining has posted a record $US1.16bn profit for 2020-21, with EBITDA of $US2.44bn and revenue of $US4.58bn. Newcrest produced 2.1 million tonnes of gold during the financial year, at an average all-in-sustaining cost of $US911 an ounce. Meanwhile, CEO Sandeep Biswas believes that new mining methods could allow the company to lift production at its Lihir mine in Papua New Guinea to one million ounces per year. Shareholders will receive a final dividend of $US0.40 per share, and a full-year payout of $0.55.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM

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