CAPITAL MARKETS

Norton loses on hedging

NORTON Gold Fields has reported a $A16.8 million net loss for the 2009 financial year, a $26 million slump from last year’s net profit, but is confident it is poised for growth in 2010.

MiningNews.Net
Norton loses on hedging

The Perth-based gold producer said its 2009 results took a hit from a non-cash hedge adjustment of $A35.5 million. Earnings before interest, tax, depreciation and amortisation for the period was $36.6...

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