Newcrest Mining Limited
(ASX:NCM) has revealed a 15 per cent jump in underlying profit coming in at $515 million for the full year.
The gold producer has reduced debt and increased cash flow during the financial year along with a 12 per cent increase in copper production.
The weaker Australian dollar is also helping AUD revenue somewhat offsetting the 14 per cent drop in gold prices in the past year.
Newcrest has again declined to pay a dividend instead preferring to concentrate on paying down debt and investing in growth.
