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Pain worsens for Newcrest investors

SHARES in Newcrest Mining slumped by as much as 14% to a nine-year low this morning after the struggling gold major flagged $A5-6 billion of impairments, increased gearing, aggressive cost-cutting and the removal of high-cost ounces.

Kristie Batten
Pain worsens for Newcrest investors

Newcrest first announced a review of its high-cost operations in April and after a raft of analyst downgrades this week, announced the results today. The company said it was reviewing the carrying...

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