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By Ambar Warrick
Investing.com-- Shares of Australiaâs largest gold producer, Newcrest Mining Ltd (ASX:NCM), surged on Friday as it logged a higher-than-expected profit despite rising costs and weaker production at its Lihir and Cadia projects.
Shares of the gold miner rose 3.5% to 19.320 Australian dollars in morning trade, recovering from a near four-year low.
Newcrest said underlying profit for the year to June 30 was $872 million, down from $1.16 billion from last year, but above exp...
>>> Read more: Shares of Australiaâs Newcrest Mining Surge on Profit Beat, Strong Guidance
Investing.com-- Shares of Australiaâs largest gold producer, Newcrest Mining Ltd (ASX:NCM), surged on Friday as it logged a higher-than-expected profit despite rising costs and weaker production at its Lihir and Cadia projects.
Shares of the gold miner rose 3.5% to 19.320 Australian dollars in morning trade, recovering from a near four-year low.
Newcrest said underlying profit for the year to June 30 was $872 million, down from $1.16 billion from last year, but above exp...
>>> Read more: Shares of Australiaâs Newcrest Mining Surge on Profit Beat, Strong Guidance
