Fully franked final dividend of US 20 cents per share • Total dividends for FY23 of US 55 cents per share5, which is an equal annual record for Newcrest and exceeds the minimum dividend policy target payout • Investment in growth strategy continues in FY23 with $658M total major project and exploration spend • Gold prepay credit facility repaid early with $173M received from Lundin Gold in January 2023 • Balance sheet remains comfortably within financial policy targets as at 30 June 2023 with net debt of $1,459M, leverage ratio of 0.7 times and a gearing ratio of 11.1%
NCM Price at posting:
$25.99 Sentiment: Hold Disclosure: Held
