THE DISTILLERY: Newcrest drill-down

Jotters break down the rationale behind Newcrest's internal investigation, while one ranks Andrew Mackenzie's salary against his predecessors.

Newcrest Mining shares have plummeted 35 per cent since its downgrade on June 7. While much of this is simply a reflection of the falling gold price, business scribes are adamant that in order to clear the air the company had little choice but to get ahead of the corporate regulator and conduct its own investigation into whether continuous disclosure obligations were breached.

From what we’ve heard, the miner is going looking for something it knows isn’t there. Still, it is looking, which signals an objective of some kind at the very least.

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