Newcrest profits soar in first half

Gold miner Newcrest Mining has reported a 142% surge in profits for the first half of 2019, while underlying profits increased by 104% on the previous corresponding period.

Newcrest on Thursday reported a statutory profit of $237-million and an underlying profit of $237-million, while cash flow from operations was up by 2% on the first half of 2019, to $464-million.