The dark truth to Newcrest's reverse alchemy

It is tempting for Newcrest to blames its woes on factors like the falling gold price and high Australian dollar, but the miner has made mistakes.

The $5 billion to $6 billion of write-downs that Newcrest Mining shocked the market with today could be said to flow from a confluence of factors for which it is largely, but not entirely, to blame.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles