Newcrest Mining Takes A Bullet On Gold, Writes Down Mine Value
Newcrest Mining Limited (OTCMKTS:NCMGY) (ASX:NCM)'s decision to write down the value of its mines by as much as A$6 billion ($5.5 billion) will lead to the biggest one-time charge in gold mining history. It also heralds pain for competitors.
Australia's largest gold producer by market value said it . . .
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