Newcrest Mining Limited
(ASX:NCM) has reported a 63 per cent jump in full-year net profit, coming in at $908 million.
The result was boosted by the acquisition of Lihir Gold and the surging price of gold in the 2011 financial year.
In the same period, the underlying profit of Australia’s biggest gold mining company grew 36 per cent and revenue rose 46 per cent.
Looking ahead Newcrest is targeting to produce up to 2.925 million ounces of gold over the next year, up from 2.53 million ounces in the year just gone.
A special dividend of 20 cents has been declared, bringing the full year payout to 50 cents per share.
