Shares of Newcrest Mining Ltd., one of Australia's largest gold producer and a global top 10 gold mining company, have jumped during early Tuesday trading despite reporting poor gold output in the last full financial year.

As of 1024 AEST, stocks of Newcrest Mining Ltd. grew 4.56 per cent to $23.16 against a benchmark index rise of 0.14 per cent, the Business Spectator reported.

The miner's full gold production in the last financial year dropped to 2,285,917 ounces, representing a 15.4 per cent dive from 2,701,918 in the previous corresponding period. This development, however, was in line with the company's earlier production forecasts.

Copper production, on the other hand, spiked 0.53 per cent to 76,015 tonnes. The previous was barometer was 75,631 tonnes.

Cash margins remained tough at $970 per ounce, while cash costs, at $604 per ounce.

Newcrest Mining Ltd. mined a total of 20,544 tonnes of copper and 587,310 ounces of gold in the final quarter of 2012.

At the same time, the Australian gold mining company announced that major project expansions at Cadia Valley and Lihir continue to be schedule, with the Lihir MOPU scheduled for completion in the December 2012 quarter.

"Cadia East is on schedule to achieve first commercial production in the December 2012 quarter and is within 10 per cent above the original estimated capital cost of $1.9 billion," the company said in a statement.

Operating mines in four countries, including Australia, Indonesia, Papua New Guinea (PNG), and Ivory Coast, Newcrest Mining Ltd. concentrates on two major growth projects, the Cadia East underground mine in central western NSW and the Lihir Million Ounce Plant Upgrade project in PNG.

It also targets to have the Wafi-Golpu gold/copper project in PNG producing precious metals by end of the decade.