Australia's largest gold miner Newcrest Mining has made a $2.2 billion full year net loss on the back of previously flagged write-downs.

The result includes $2.4 billion in asset impairments, the bulk of which is related to its Lihir operations in Papua New Guinea. It is an improvement on last $5.8 billion loss. The company is predicting a better fiscal 2015, in which it will be cash flow positive with an average…