Newcrest Is So Cheap Even Gold Bears See Deal Bargain

Newcrest Is So Cheap Even Gold Bears See Deal Bargain

Carla Gottgens/Bloomberg

The drop prompted Newcrest to say June 7 it expects to write down the value of four mines in Australia, Ivory Coast and Papua New Guinea by as much as A$6 billion ($5.6 billion), which is about a quarter of the company’s book value on Dec. 31.