Fool's gold – Beware the Newcrest rally

Newcrest shares have rallied on a stronger gold price and cost cutting plans. But it still is bleeding cash at Telfer.

What a day to announce an exit from Newcrest Mining.

Perennial Investment Partners' sell down of the accident-prone gold miner took place in June. But announcing it on a day when gold prices surged and Newcrest reversed its recent alarming slide was less than opportune timing.

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