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Soaring gold price lifts Newcrest profit to $905m – NEWS.com.au
Gold miner Newcrest posts higher profit as precious metal’s price soars
Gold miner Newcrest has booked a 15 per cent rise in full-year net profit after a surge in the precious metals price more than offset a fall in production.The company posted earnings for 2019-20 of $US647 million ($A905.7 million) after a 5 per cent lift in revenue, with the realised gold price up 21 per cent at an average of $US1530 an ounce over the period.
The gold price continues to ride high amid global economic turmoil caused by the coronavirus pandemic, last week breaking records at more…
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