Newcrest says it expects to be free cash flow positive in fiscal 2015 and will focus on operational discipline and profitable growth after narrowing its full-year loss.
Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.
The loss included significant items after tax totalling $2. 653bn, including asset impairments, an additional income tax expense, restructure costs and writedowns, as previously flagged.
The miner posted a net loss attributable to members of $2. 221 billion in fiscal 2014, compared with a loss of $5. 783bn loss in the prior year.
Read more here: Business Spectator