Search Results
Australia Gold Mine Exploration Company, Newcrest Mining Ltd. Buys Stake in PNG Gold Mine
Newcrest Mining Ltd., Australia’s largest gold company, has acquired an initial stake in a joint venture with South Africa’s Harmony Gold Mining Ltd in Papua New Guinea.
Newcrest paid $ 230 million for a stake of 30.01 percent in the joint venture, the company said in a statement, and may increase this interest to 50 per [...]
Australia’s Newcrest Mining Reports Half-Yearly Profits Down 50 Percent
Australia’s largest gold miner Newcrest Mining Ltd. said Tuesday its half-yearly profit plunged 50 percent to 37 million Australian dollars (US$29.4 million; euro22.34 million) after the company restructured its hedge strategy.
But the company’s stock jumped 5.85 percent to A$23.87 (US$31.45; euro23.90) as investors took a positive view of indications that the troubled mine project Telfer [...]
