Newcrest Mining’s Half Year Result 11 Feb 21: NCM lifts revenues, dividends and earnings as gold prices surge

Australia’s largest gold miner, Newcrest (NCM), posted a 98% lift in underlying profit thanks mainly to a strong lift in the realised gold price over the six months to December 2020. NCM has changed its dividend policy, flagging its intention to pay eligible investors between 30-60% of free cash flow (was 10-30%). Its shares initially rose in response to the results.

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