CAPITAL MARKETS

Newcrest profits dive 50%

AUSTRALIA’S largest gold producer, Newcrest Mining, is banking on a better performance in the second half of the financial year – after reduced production and sales resulted in a 51% drop in statutory profit to $A320 million.

Lauren Barrett

Newcrest profits dive 50%

Newcrest said its financial results for the six months to the end of December reflected the “transitional nature” of FY13, with the completion of two major growth projects and encountering production challenges...

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