Newcrest Mining has posted a 25% drop in full-year profit.
The gold miner said the strong performance came despite COVID-19 supply chain issues and significant rainfall at Cadia.
?We were particularly pleased with our costs trending lower in the second half of the year, with Cadia achieving its lowest ever annual All-In Sustaining Cost of negative $124 per ounce. Our balance sheet has also remained extremely robust with significant liquidity available to support our growth aspirations,? said CEO Sandeep Biswas.
The Newcrest Mining share price is in the green today.