Business
Newcrest bumper profit comes with soft outlook – The Australian Financial Review
Newcrest Mining has posted its biggest profit in eight years, but warned its gold production will decline for the second consecutive year.
Gold was fetching $US1500 per ounce in August 2019, but surged to record highs above $US2000 per ounce earlier this month.
Despite losing ground earlier this week, gold prices remain at levels that are very high by historical standards; the yellow metal was fetching $US1948 per ounce on Friday morning.
Shareholders will receive a US17.5¢ final dividend, taking the total dividends for the year to US25¢.
That payout was 14 per cent higher than last year and means Newcrest shareholders have rece…
-
Noosa News15 hours agoTwo in five Brisbane streets have no footpaths, with council building about 4km of new paths last year
-
Business24 hours agoWhere to invest $20,000 in ASX ETFs for 2026 and beyond
-
General23 hours agoReece Walsh grabs the Sun to lead Brisbane to an all-time victory over Canberra
-
General22 hours agoBritish boxer and former world champion Ricky Hatton dies at age 46