CAPITAL MARKETS

Newcrest profit rises

MIXED results for Newcrest Mining’s full year financials with an 11% increase in profit to $136.1 million being dampened by a $29.4 million loss on copper hedging and a steep increase in its inventory.

Ben Sharples
Newcrest profit rises

Sales revenue increased 39% to $985.5 million (compared to $711.4 million in 2003-04) with gold sales for the year coming in at just over 1.06 million ounces (754,745oz). Copper sales for the year totalled...

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