Newcrest's record loss doesn't clear the decks

Massive write-downs and a record loss. But without radical surgery, Newcrest's earnings future remains under a cloud.

Newcrest has entered rarefied territory, notching up one of the biggest losses in Australian history.

At $5.78 billion, the result was smashed by a $6.23 billion impairment charge that eclipsed even the blowout in charges announced by the company just a few days ago.

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