CAPITAL MARKETS

Discovery posts Boseto impairment

DISCOVERY Metals will want to put the tough 2013 financial year behind it after reporting a $US224.3 million ($A242.5 million) loss and booking a $205.7 million write-down on the value of its Boseto copper project.

Lauren Barrett

Discovery posts Boseto impairment

Discovery, which was subject to a hostile takeover bid from major shareholder Cathay Fortune Corporation for the latter part of FY13, said the reported loss reflected the expensing of corporate costs and...

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