Newcrest Ticks Up Guidance but Concerns Remain
Newcrest has lifted its gold production guidance slightly along with an increase in output for the March quarter, but warned of continuing concerns here and at its mines in PNG and in Canada.
Read MoreTag: NCM
Brucejack a Pillar in Newcrest’s Future
Newcrest has staked much of its future success on the ability of its $A3.7b Canadian gold mine called Brucejack to live up to its potential as one of the richest known mines in the world.
Read MoreNewcrest Playing Wait and See with Havieron
Newcrest Mining was playing all coy on Friday in the wake of Greatland Gold’s sharp upgrade to reserves at their Havieron gold copper prospect in the eastern Pilbara of WA.
Read MoreMixed Bag of Results from Gold Giants
The report card for the country’s three major ASX-listed gold miners – Newcrest, Northern Star and Evolution Mining – for the six months to December can be regarded as a pass mark at best.
Read MoreDigging into the Mining Scene
The December quarter bought the usual flood of updates from miners on their exploration, development and production operations – here are a few of the key highlights.
Read MoreNCM – Morgans rates the stock as Add
The broker expects gold production and headline costs at Cadia to normalise in the 2H of 2022 and maintains its Add rating while easing its target price to $26.05 from $27.18.
Read MoreNewcrest’s Havieron Worth a Second Look
Investors should look anew at Newcrest’s Havieron WA prospect, the potential of which to be a major find looks to have improved following the latest end of year exploration update.
Read MoreNCM – UBS rates the stock as Buy
A Buy rating is retained for Newcrest Mining. The $27 target price is unchanged.
Read MoreMoody’s Approves of Newcrest’s Canadian Move
Moody’s ratings agency likes Newcrest’s $3.7 billion move to expand its Canadian gold mine portfolio with Pretivm Resources, despite it involving the company taking on more debt.
Read MoreNCM – Morgans rates the stock as Add
The Add rating and $30.43 target price are maintained.
Read MoreNCM – Credit Suisse rates the stock as Outperform
Outperform rating and $31 target maintained.
Read MoreNewcrest Takes out Canadian Rival with Acquisition
Gold miner Newcrest has struck a $US2.8 billion ($A3.7 billion) deal to acquire Toronto-listed rival miner Pretivm Resources, marking a significant step in the company’s expansion plans.
Read MoreNewcrest Untroubled by Production Blip
Newcrest says it produced less gold, copper and silver during its first fiscal quarter because of mostly planned maintenance and upgrade work, but expects output to improve this quarter.
Read MoreNCM – Macquarie rates the stock as Outperform
Outperform rating and $30 target retained.
Read MoreNCM – Morgan Stanley rates the stock as Overweight
Overweight rating and $30 price target are retained.
Read MoreNewcrest to Expand Copper Operations
Copper has moved to centre stage for Australia’s biggest gold miner Newcrest Mining, as the company revealed its future direction and plans for four major projects on Tuesday.
Read MoreProfit Briefs: NCM, S32, EVN, ORG
With peak reporting season upon us, here are snippets from the results announced yesterday by resource companies Newcrest, South32, Evolution Mining and Origin Energy.
Read MoreNewcrest Sees Gold in the East Pilbara Hills
Newcrest has sent a big message to the market about the growing importance of the East Pilbara gold and copper finds like its Havieron joint venture and Rio Tinto’s Winu.
Read MoreNCM – Morgans rates the stock as Add
The broker retains its Add rating and reduces its target price to $30.53 from $30.95.
Read MoreTelfer, Cadia Help Newcrest Soar to Glittering Year
Australia’s biggest gold miner Newcrest Mining had a good 2020-21 as its gold and copper production reached guidance targets in the year to June, with Telfer and Cadia leading the way.
Read MoreNewcrest’s Cadia Shaken, Not Stirred
Newcrest Mining says part of its huge Cadia gold/copper mine in central NSW had been rattled by a “small seismic event” that seems to have left the mine a bit shaken but not all that stirred.
Read MoreAll Aboard the Commodities Express
Resource stocks surged on the ASX in Monday trading with some of the majors and the broader market reaching new highs thanks to record iron ore and copper prices.
Read MoreNewcrest Joins the Running of the Bulls
Newcrest Mining, Australia’s biggest gold producer, has joined the generally upbeat parade of Australian resource companies in reporting a solid performance for the three months to March.
Read MoreRed Chris Rolling Along for Newcrest
Newcrest Mining has produced more reserves data for its emerging Red Chris gold mining complex in Canada as it prepares a major statement on the future development of the area for release in September.
Read MoreRed Chris Good as Gold for Newcrest
Newcrest seems to have found a whole new area of interest at its 70% owned Red Chris gold and copper mine in British Columbia in Western Canada.
Read MoreNCM – Credit Suisse rates the stock as Outperform
Newcrest Mining beat Credit Suisse’s forecasts with respect to first-half net profit result with cash flow of US$439m setting a new record for the December half. Outperform retained. Target rises to $33.90 from $33.20.
Read MoreInvestors Embrace Newcrest Dividend Shift
The Newcrest share price went for a nice run yesterday on news that the company intends to increase its dividend payouts for the foreseeable future.
Read MoreGlad Tidings from Newcrest Drowned out by Market Noise
Newcrest Mining shares dipped 2.8% on Thursday in the day’s market wide sell-off and lower gold prices as investors ignored what was good news from the country’s top gold miner.
Read MoreNewcrest Tips $146m into Haverion JV
Gold miner Newcrest has agreed to invest $146 million in the first stage of the Havieron Project in Western Australia, which it owns in a joint venture with UK firm Greatland Gold. Newscrest shares rose 3.1% to $26.94.
Read MoreIs The Sharemarket Correctly Pricing In Fundamentals?
Anton Tagliaferro and Daniel Moore analyse the fundamentals of Amcor, Brambles and Orica and seek to provide an objective insight into the ‘blue sky’ being factored into Afterpay’s share price.
Read MoreNewcrest Advances Its Options
Newcrest Mining will move to expand Cadia and upgrade recoveries at Lihir, both of which should underpin long-term production for Australia’s bellwether gold stock.
Read MoreNCM – Citi rates the stock as Upgrade to Buy from Neutral
Newcrest Mining will move to the second stage at the Cadia expansion project. This US$175m expansion should be completed in late FY22.
Read MoreNewcrest Doubles Down On Gold Boom
The boom in gold prices has seen the country’s biggest miner, Newcrest up its investments in its two major mines to eke out small, but important gains in gold and copper output.
Read MoreNCM – Morgans rates the stock as Hold
Morgans describes Newcrest Mining’s FY20 result as steady, but says Lihir’s outlook disappointed and questions whether Lihir will ever post a consistent performance. FY21 guidance for Lihir points to both an unexpected drop in grade and mill recoveries, explains the broker.
Read MoreHigh Gold Price Helps Newcrest Navigate Lower Production
Like its larger foreign rival, Barrick, Australia’s largest gold and copper miner, Newcrest, lifted its profit in the year to June by 15%, despite gold output falling 13%.
Read MoreNCM – UBS rates the stock as Buy
Newcrest has results of drilling at Red Chris and Havieron which reinforce the emerging value in these projects. UBS is of the view that the results from Havieron increase the likelihood it will be mined, which could change the economics of Telfer.
Read MoreMore Upside Likely For Oz Gold Equities
A rising US dollar gold price is taking global gold equities higher and brokers note Australian gold stocks are lagging the move.
Read MoreNCM – Credit Suisse rates the stock as Neutral
Newcrest is raising $1-1.1bn in equity with the placement issue price at a -7.0% discount to the last traded price. Proceeds of $704m will be used to acquire the gold streaming and financing of Fruta del Norte, the Ecuadorian gold mine in which the company has 32% equity share.
Read MoreNewcrest Taps Shareholders For Growth Push
Newcrest Mining wants to raise up to $1.1 billion of new capital from shareholders to expand its interest in gold produced from mine in South America and to expand its existing mines.
Read MoreGold Stocks A Beacon In The Dark
Gold equities have suffered from the liquidity-driven global sell-off over recent weeks but several brokers suggest the outlook is much brighter, as flight-to-safety concerns take over.
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