Australian miner Newcrest Mining Limited has delisted from the Toronto Stock Exchange after just 18 months on the Canadian stock market.
In a statement, the company said ‘the anticipated benefits of the TSX listing have not been realised to date, and Newcrest’s expectation [is] that maintaining the TSX listing will not deliver significant future value for the Company’.
The de-listing takes effect from 4 September.
Newcrest’s ordinary shares will continue to be traded on the Australian Securities Exchange and the Port Moresby Stock Exchange.
The company announced major job losses back in August. It originally listed on the TSX in March 2012.
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