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Australia's Newcrest Mining posts 25% drop in annual profit

Aug 19 (Reuters) - Australia's Newcrest Mining NCM.AX on Friday reported a nearly 25% slide in full-year profit, hurt by rising costs and lower output at its Lihir and Cadia mines in the first half. The country's biggest gold miner said underlying profit came in at $872 million for the year ended June 30 compared with $1.16 billion a year earlier, but above analysts' estimate of $861.2 million, according to Refinitiv data. ((Upasana.Singh@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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