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

Aug 19 (Reuters) - Australia's Newcrest Mining (NCM) 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.