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    gold-investing

    Lower Gold Grades Cause Drop in Newcrest Shares

    Investing News Network
    Dec. 20, 2011 09:30AM PST
    Precious Metals Investing

    Sydney Morning Herald reported that Newcrest Mining’s (ASX:NCM) shares fell after news its gold grades were diminishing.

    Sydney Morning Herald reported that Newcrest Mining’s (ASX:NCM) shares fell after news its gold grades were diminishing.

    As quoted in the market news:

    In recent trade, the miners shares were down 85 cents, or 2.7 per cent, to $30.22. Newcrest waited until after the close of ASX trading yesterday to declare that its production for the year to June 2012 was now likely to be 6 per cent lower than previous guidance.

    Click here to read the full Sydney Morning Herald report.

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