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Newcrest expects writedowns to reach as much as A$6.2 billion

Cecilia Jamasmie | August 08, 2013 | 6:18 pm Precious Metals Australia Europe Gold 

Australia’s top gold producer Newcrest Mining (ASX: NCM), (TSX: NM) warned investors Thursday its expected writedown will likely reach A$6.2 billion, a higher figure than the one announced last June, which sent its shares down to hit a nine-year low. ...

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