Newcrest flags more pay cuts

Gold miner warns of 'nil to very low incentive rewards' for management as gearing increases but says outlook for gold positive.

Newcrest Mining (NCM) executives are bracing for more pay cuts as the troubled gold miner outlines plans to keep bonuses to a minimum.

Chairman Don Mercer flagged a frugal year ahead after a horror 2012/13 in which the gold price plummeted and Newcrest chief executive officer Greg Robinson and senior executives had their pay packets slashed.


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