CAPITAL MARKETS

Cost blowouts put dampener on Newcrest results

SHARES in Newcrest Mining have retreated after the gold major announced increased cost estimates for its major expansion plans and said it expected gold output for the 2013 financial year to be at the lower end of its guidance.

Lauren Barrett

Cost blowouts put dampener on Newcrest results

While the September quarter for Newcrest was marred by a number of issues, including production interruptions due to an electrical fault at Lihir in Papua New Guinea as well as a conveyor failure at Cadia...

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