Tuesday, August 19, 2008

Australia's largest gold miner Newcrest Mining Ltd. said Tuesday its annual profit more than doubled in fiscal 2008

Australia's largest gold miner Newcrest Mining Ltd. said Tuesday its annual profit more than doubled in fiscal 2008, helped by the acquisition of operations in Papua New Guinea.

Newcrest said its profit for the year ended June 30 jumped to A$494 million (US$428 million) or A$1.14 a share from A$191 million or 52 Australian cents the previous year. Cash flow from operations totaled A$1.02 billion, up from A$387 million in fiscal 2007. read more

source : http://www.marketwatch.com/

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