I know this is the fifth time I am writing about gold but with the precious metal surging to fresh new multi-year highs I need to stress to readers the enormous opportunity that is being presented to investors.
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If you let this gold bull market get away, in this cycle, there isn’t another booming sector to replace it.
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Gold continues to perform well in US dollar terms and even better in Australian Dollar terms and the backdrop to a higher gold price is only strengthening. It, along with the “yield crunch” thematic I have discussed here all year long are my two favourite broad market trends that present an enormous opportunity for investors.
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AS I stress to the traders in my office, the formation on NCM takes years to develop. If I am wrong so be it. That’s markets, but if I am correct and this does explode higher and you are not part of this once in a multi-year rally, frankly, there are no excuses to let such an exceptional opportunity pass.
Read MoreNewcrest Mining has signalled a commitment to its low-grade Telfer gold mine in the East Pilbara by striking a $90 million exploration farm-in agreement with Greatland Gold in the highly prospective Paterson province.
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Brokers perceive Newcrest could add significant value to the Red Chris copper-gold project, in which it has acquired a 70% stake.
Read MoreNewcrest will acquire a 70% stake in the copper-gold mine, Red Chris, Canada, for US$806.5m. Morgan Stanley considers this a natural fit, as few operators globally have block caving experience.
Read MoreGold miner Newcrest Mining says it will finance the $1.1 billion purchase of a major new investment in Canada from its own internal resources and banks – a move that should win it the thumbs up from shareholders wary about being asked to help finance big deals by mining companies.
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While South32 was rewarding shareholders with higher dividends, no such joy for shareholders in the country’s biggest gold miners, Newcrest which more than doubled its first-half profit thanks to the continuing recovery at its Cadia gold and copper mine in NSW.
Read MoreNewcrest Mining (NCM) after its quarterly has quickly risen to be one of my favourite large-cap stocks as it benefits from the Australian dollar falling (gold is rising faster in local currency terms), better production numbers and lower costs (currently at US$720/ounce).
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SolGold, the Australian originated, UK/Canadian listed small exploration group that now has BHP and Newcrest Mining as major shareholders, has produced another massive upgrade of its key copper/gold resource in Ecuador.
Read MoreNewcrest Mining shares enjoyed a nice little run-up yesterday after the country’s major gold miner revealed no troubles in the three months to September.
Read MoreNewcrest Mining’s FY18 earnings outpaced the broker by 10%, although production and cost guidance disappointed. Cash flow met guidance.
Read MoreNewcrest Mining has warned of a one-off non-cash earnings impact of $US260 million to $US270 million in its 2017-18 financial results, due later this month, and confirmed that it cut debt by $US459 million in the year to June.
Read MoreShares in major gold miner, Newcrest rose yesterday on the higher gold price and better than expected news in its 4th quarter and 2017-18 production and sales report.
Read MoreUnder pressure from the Indonesian government Newcrest has been forced to accept, from FY19, an increase in the tax rate to 32% from 25% and the royalty rising to 3.75% from 0.7%. From FY21, the company must divest a further 26% of its ownership in Gosowong to 49% from 75%.
Read MoreNewcrest has settled its insurance claim in relation to the seismic event on April 14, 2017 at Cadia. The settlement is reported to be US$155m.
Read MoreCiti analysts highlight the "high takeover appeal" that is currently swirling over the Newcrest Mining share price. They believe it is far more cost-effective for one of the international majors in the sector to buy Newcrest than to try to build a similar suite of assets from scratch.
Read MoreNewcrest Mining has cut its gold and copper production forecasts for 2017-18 because of the recent outage at its huge Cadia mine in central Western NSW where mining operations are now forecast to be back to normal by June.
Read MoreSlowly Newcrest Mining is moving towards returning its most important asset – the huge Cadia gold and copper mine in central western NSW – back to something approaching full production.
Read MoreNewcrest says its too early to update its guidance for the year to June for production of gold and copper even though it says it resumed mining at its troubled Cadia mine in central western NSW.
Read MoreThe company has provided no timing on the recovery of production at Cadia after the failure in the tailings dam wall, stating this depends on the regulators and experts. Material continues to flow into the smaller southern tailings storage where it is being contained.
Read MoreNewcrest Mining shares fell yesterday for the 6th session in a row as the company battles with the impact of the partial failure of a tailings dam wall at its huge Cadia gold and copper mine in central NSW.
Read MoreShares in Newcrest Mining took a whack yesterday after the gold and copper miner confirmed it is expecting an “adverse” financial impact from the dam wall breach at its huge central western NSW gold and copper mine at Cadia.
Read MoreThe Newcrest share price will come under pressure today after more problems at the company’s huge Cadia gold mine in the central West of NSW.
Read MoreThe company is partnering with Lundin Gold, investing US$250m to acquire a 27.1% interest. The deal includes a standstill whereby Newcrest will not increase its stake beyond 32% during an eight-year period.
Read MoreGold and copper miner, Newcrest Mining has held its interim dividend despite reporting a weaker than expected half year profit.
Read MoreNewcrest Mining posted a 17.2% increase in gold production in the December quarter, driven by increased production at four of its mines and especially the Cadia operation in western NSW which has been recovering from the damage caused by a small earthquake on Good Friday of last year.
Read MoreShares in Newcrest Mining (NCM) added nearly 2% yesterday after the company confirmed that it had restarted production from the second of two key areas at its Cadia East gold mine in NSW.
Read MoreThe Good Friday quake at its Cadia mine in NSW this year has taken some of the gloss off what was a solid result from Australia’s biggest gold miner Newcrest Mining for the year to June 30.
Read MoreNewcrest Mining believes its flagship Cadia mine in New South Wales will resume full operations before September 30, as the company continues to spend on repairing damage caused by a small earthquake on Good Friday in April.
Read MoreNewcrest (NCM) has lowered its 2017-18 production guidance for the Cadia gold mine in NSW due to damage from last month’s earthquake, but says production should start in the September quarter, news that will relieve some shareholders who were fearing a longer shutdown.
Read MoreNewcrest (NCM) made investors sit up and take notice with its March quarterly production report yesterday with an unusual focus on its most important asset, the huge Cadia mine in NSW’s midwest.
Read MoreNewcrest (NCM) has suspended operations at its huge Cadia mine in NSW after what the gold producer said was a “seismic event” on Good Friday.
Read MoreWelcome news for shareholders in Newcrest Mining (NCM) – they will receive the first interim dividend for four years thanks to a combination of higher prices and higher gold and copper production in the six months to December 31 which saw the company more than double its first-half profit.
Read MoreMacquarie has updated commodity prices forecasts. This has led to ongoing positive outlook for bulks, the nomination of nickel as favourite for calendar 2017 and the view value is emerging in the gold sector where weakness has followed the election of Donald Trump.
Read MoreNewcrest’s AGM provided an update on the new production target goal at Lihir, which is on track, and noted an intention to lift throughput at Cadia to offset declining grades. The company’s other operations offer short mine lives compared to these two, the broker notes.
Read MoreCiti analysts highlight their preferred gold exposures in the Australian share market as US election uncertainty dominates. Buy-rated stocks Newcrest and Northern Star ((NST)) are most preferred. In the analysts own words, "for operational and financial quality as well as mid-range FCF/EPS sensitivity to gold price".
Read MoreGiven the inevitable grade decline as the Cadia mine matures, Deutsche Bank believes the company’s best organic growth opportunity is expanding Cadia to maintain over 500,000 ozs per annum run rate for the next 10 years.
Read MoreNewcrest has taken a 10% placement worth $10.7m in copper-gold explorer SolGold primarily to advance exploration at Cascabel, Ecuador. This was the first of the company’s early exploration joint ventures that appeared to have compelling strategic potential, Credit Suisse notes.
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