From smh.com.au
Newcrest Mining is reviewing the future of some of its mines, as the recent plunge in the gold price continues to take a toll on the nation's fourth-biggest mineral export industry.
Newcrest was one of several ASX-listed goldminers to reveal March-quarter results on Tuesday, and the publication of production costs revealed that numerous mines across Australasia are unprofitable at current gold prices.
Read more: http://www.smh.com.au/business/newcrest-weighs-up-future-of-mines-20130423-2icva.html#ixzz2RKCUaQzB
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