Profit 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 MoreTag: NCM
Newcrest 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.
Read MoreDo Less Risky Stock Market Exposures Really Exist?
With a sense of raw panic descending on global stock markets, the question is whether there are any truly safe havens in terms of remaining exposed to equities?
Read MoreNewcrest Downgrades Outlook As Problems Reemerge At Lihir
Not helped by a slide in gold prices, Newcrest has downgraded its 2019-20 gold production. The news took investors by surprise and yesterday saw a spate of downgrades from analysts.
Read MoreNCM – UBS rates the stock as Sell
Gold production in the December quarter was well below UBS estimates. Costs were ahead. Weaker production is mainly because of lower output at Lihir and Telfer.
Read MoreGold – Is It Time For Another Move Higher?
It seems that after several months of rest the gold price is showing promise again. Remember I am a gold bug who believes the gold price will be significantly higher in the coming year and years and have spoken at length about the basis behind why gold (platinum and silver too) will be much higher.
Read MoreNewcrest Raises 2020 Guidance Despite Production Drop
Miner Newcrest has reported a sharp fall in gold and copper output for the three months to September but has not only said it will meet full-year guidance but has lifted that forecast.
Read MoreNewcrest Mining Confirms Cadia Gold Mine Expansion
As widely tipped Newcrest has approved the $685 million expansion of its huge and very profitable gold mine, the Cadia mine in central-western New South Wales.
Read MoreMaterial Matters: Coal, Oil & Diamonds
A glance through the latest expert views and predictions about commodities. Coal; oil; alumina; iron ore; gold; and diamonds.
Read MoreLess Gold In The Pan For Newcrest
Newcrest Mining is likely to face several years of falling gold production as Cadia grades decline, and a delay at Wafi Golpu raises doubts over whether this development will compensate.
Read MoreEarnings Catchup: Newcrest, Cochlear, Domain, oOh! Media
Cochlear’s 2018-19 results topped market expectations, Newcrest has ridden the rising gold price higher, Domain has cut its full-year dividend while investors have given oOh! Media’s 2019 profit downgrade a big thumbs down.
Read MoreSniffing Out Golden Opportunities On The ASX
Bullion’s romp beyond the record $2000 an ounce level in Aussie dollar terms has prompted investors to take a closer look at the pantheon of ASX-listed local gold producers – despite some problems in the mid-tier that have tarnished the sector.
Read MoreGold Really Is Shining – My Forecasts Raised
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.
Read MoreGold Doesn’t Need Gloom And Doom To Boom
If you let this gold bull market get away, in this cycle, there isn’t another booming sector to replace it.
Read MoreHow Great Does Gold Look?
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.
Read MoreDon’t Miss Newcrest – It’s On The Brink Of A Major Rally
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 Eyes Paterson Potential With Greatland Gold JV
Newcrest 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.
Read MoreWill Red Chris Add Value To Newcrest?
Brokers perceive Newcrest could add significant value to the Red Chris copper-gold project, in which it has acquired a 70% stake.
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