Newcrest hits 9-year low

Newcrest Mining Ltd shares have fallen to a nine-year low as the fallout from investigations into potential breaches of continuous disclosure relating to a $6 billion writedown continues.

Newcrest Mining Ltd shares have fallen to a nine-year low as the fallout from investigations into potential breaches of continuous disclosure relating to a $6 billion writedown continues.

At 1130 AEST, Newcrest shares were 6.5% lower at $10.05 against a benchmark index fall of 1.36%.

In earlier trade Newcrest shares fell as low as $9.96, their lowest point since May 10, 2004, when the stock traded at $9.7657.

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