Profits up for Newcrest despite production drop

AUSTRALIA’S largest home-grown gold play Newcrest Mining today posted an 85% increase in profits thanks to the stronger gold price.

Profits up for Newcrest despite production drop Profits up for Newcrest despite production drop Profits up for Newcrest despite production drop Profits up for Newcrest despite production drop Profits up for Newcrest despite production drop

The gold miner said today its statutory profit, or its profit after tax, hedge restructures and close-out impacts for the 2009 financial year, rose to $A248.1 million, up $113.

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