Newcrest surges back into favour with investors

NEWCREST Mining has revived its faded image as one of the golden boys of Australian mining courtesy of a spending splurge by gold bulls.

The stock yesterday rose 38 cents (roughly 10%) to $4.18 on turnover of more than 4 million shares as investors preferentially bought Newcrest ahead of competitors Normandy, Sons of Gwalia and Lihir.