Gold miner Newcrest has settled a class action with shareholders by agreeing to pay them $36 million. Shareholders launched the legal action in mid 2014 claiming the gold miner had misled them over production forecasts which were downgraded just months later along with a $6 billion asset writedown. Newcrest on Monday said it had agreed to pay $36 million to settle the legal action, but it was not admitting any liability.
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