By: Jamie Freed
19 June, 2014
So went the wink-and-nudge from then-Newcrest Mining investor relations manager Spencer Cole to Credit Suisse analyst Sam Webb after viewing a draft table before it was sent to clients, according to a statement of facts released by the corporate regulator and the goldminer on Wednesday.
Production numbers are crucial to a mining company's earnings. Cole, therefore, was not-so-subtly telling Webb that his financial year 2013-14 estimate remained too high, despite the broker having slashed it by 15 per cent to 2.41 million ounces of gold.