Material Matters: Coal, Oil & Diamonds
A glance through the latest expert views and predictions about commodities. Coal; oil; alumina; iron ore; gold; and diamonds.
Read MoreTag: NCM
Less 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.
Read MoreNCM – Morgan Stanley rates the stock as Equal-weight
Newcrest 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 MoreMore Gold M&A As Newcrest Seals Canadian Mine Deal
Gold 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.
Read MoreNo Dividend Despite Strong Recovery At Newcrest
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 MoreRBA Confirms My 2019 Outlook, While Newcrest Breaks Out
Newcrest 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).
Read MoreBHP, Newcrest Investment SolGold Doubles Up On Copper Find
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 Lifts Q1 Gold Output 5% On Lower Costs
Newcrest 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 MoreNCM – Macquarie rates the stock as Underperform
Newcrest Mining’s FY18 earnings outpaced the broker by 10%, although production and cost guidance disappointed. Cash flow met guidance.
Read MoreNewcrest Flags New Writedown
Newcrest 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 MoreRecord PNG Production Lifts Newcrest
Shares 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 MoreNCM – Credit Suisse rates as Neutral
Under 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 MoreNCM – Credit Suisse rates the stock as Neutral
Newcrest 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 MoreNCM – Citi rates as Buy
Citi 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 Confirms Cadia Ramp Up
Newcrest 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 MoreNewcrest Eyes Return To Full Production At Cadia
Slowly 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 Restarts Mining At Cadia
Newcrest 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 MoreNCM – Macquarie rates the stock as Underperform
The 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 Confirms Cadia Delays May Be Extensive
Newcrest 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 MoreNewcrest Confirms “Adverse” Impact From Dam Breach
Shares 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 MoreCadia Dam Wall Collapse To Pressure Newcrest
The 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 MoreNCM – UBS rates the stock as Sell
The 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 MoreCadia Quake Shakes Newcrest Profit
Gold and copper miner, Newcrest Mining has held its interim dividend despite reporting a weaker than expected half year profit.
Read MoreCadia Recovery Lifts Newcrest Output
Newcrest 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 MoreNewcrest Resumes Mining At Cadia
Shares 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 MoreCadia Shutdown Shakes Newcrest Profit
The 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 MoreLihir Lifts Newcrest Production
Newcrest 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 Lowers Cadia Gold Guidance
Newcrest (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 Cadia Mine Costs To Double
Newcrest (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 More‘Seismic Event’ Shakes Newcrest Guidance
Newcrest (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 MoreNewcrest To Pay First Dividend In Four Years
Welcome 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 MoreNCM – Macquarie rates the stock as Neutral
Macquarie 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.
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