Australian gold producer Newcrest Mining has reported a 142 per cent jump in its statutory profit for the December half.
Chief executive officer Sandeep Biswas said Newcrest's Cadia gold mine in NSW had delivered a"great performance",with record production and record low cost of production during the half of $US131 per ounce.
"This half year shows the quality of our assets,but plenty more potential remains,"he said.
On an underlying basis Newcrest’s profit jumped 104 per cent for the half to $US237 million. Newcrest declared a fully franked interim dividend of 7.5 cents per share,to be paid on March 22. Total revenue for the gold miner rose one per cent to $US1.73 billion.
Shares in Newcrest dropped 1.4 per cent to close at $24.98.