CAPITAL MARKETS

Newcrest punished as costs rise

INVESTORS gave Newcrest Mining a caning today after Australia’s biggest gold producer reported lower production, higher costs and warned its first half profits would fall short of expectations.

Greg Tubby

Newcrest punished as costs rise

Newcrest has enjoyed a stellar run in recent weeks, rallying 23% on higher gold prices, but its shares shed $2.18 today to end the day at $18.00 as investors reacted to the bad news. Group gold production...

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