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Newmont hit by write offs

ASSET value write-offs cut deeply into the second quarter profit of Newmont Mining, the world’s biggest gold producer.

MiningNews.Net
Newmont hit by write offs

Reported earnings fell by 60% in the June quarter, largely because of a write-off in the value of an investment in Kinross Gold, and the value of the Ovacik goldmine in Turkey. Net income came in at...

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