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AAP

Business

Marion Rae

Newcrest wary on scarce labour, inflation

Cadia Newcrest Mining Mining

Newcrest's flagship gold mine Cadia has returned to full capacity. (PR HANDOUT IMAGE PHOTO) (AAP)

Australia's biggest gold miner has posted a drop of almost a quarter in full-year profit for 2022 and warns the short-term outlook for costs remains "unpredictable".

Newcrest Mining reported on Friday an underlying profit of $US872 million ($A1.26 billion) for the year ended June 30, down from $US1.16 billion a year earlier.

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