MARKETS SPECTATOR: Newcrest's painful numbers

Newcrest’s latest production report is just one of a suite of obstacles for potential investors.

Poor Newcrest. The stock dropped 33.5 cents, or 2 per cent, to $16.675 at 1303 AEST after the company’s quarterly production report was released this morning. The stock’s slide is not surprising. Last month the company cut its gold production forecast for the 12 months to June 30, 2013 to 2-2.15 million ounces, from 2.3-2.5 million ounces.

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