By Rhiannon Hoyle
Newcrest Mining on Friday recorded an 11% fall in annual profit, mainly because of a lower copper price, higher depreciation and increased operating costs.
Australia’s largest-listed gold miner, which has agreed to a takeover by U.S.-based Newmont, said it made a net profit of $778 million in the year through June, down from $872 million a year earlier.
Directors of the company declared a final dividend of 20 U.S. cents a share. The total payout for fiscal 2023 of 55 cents is equal to the highest total annual dividend ever declared by Newcrest, said Interim Chief Executive Sherry Duhe.
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