The Global Resource For Connecting Buyers and Sellers

Newcrest first-half profit falls 55% on lower prices

Despite an increase in gold production, ASX-listed Newcrest on Monday reported a 13% fall in revenue and a 55% fall in net profit for the six months ended December, owing weaker prices of gold and copper.

Newcrest on Monday reported that it had produced 1.20-million ounces of gold and 38 918 t of copper during the six months to December 31, compared with the 1.14-million ounces of gold and 50 300 t of copper in the corresponding period.