Tag: NCM

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.

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.

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.

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.

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.

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.

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.

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.

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.

Gold and copper miner, Newcrest Mining has held its interim dividend despite reporting a weaker than expected half year profit.

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.

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.

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.

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.

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.

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.

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.

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.

Newcrest Mining (NCM) shareholders will receive a dividend for the first time in more than three years, after the gold miner’s board decided it could afford to balance such a payment with capital commitments and its debt reduction target.

Newcrest Mining’s (NCM) gold output fell in the June hit by a shutdown at its Indonesian mines, but it’s still managed to meet its full-year target.

Newcrest Mining (NCM) has maintained its full year production guidance after reporting slightly improved third quarter gold production, helped by a return to full production at its biggest mine.

Shareholders in Newcrest Mining (NCM) will have to wait until to August to see if they will get any rewards from the gold and copper miner’s improved operational performance and the surge in the global gold price.

Newcrest Mining (NCM) confirmed yesterday that they had dodged the bullet from a series of adverse events in the six months to June.

Newcrest Mining (NCM) shares dipped 2.2% yesterday on weak gold pries, despite good news on the production front at its vital Cadia Mine in NSW.

Newcrest Mining (NCM) shares were whacked yesterday when it became clear the chances of the company making this year’s guidance for gold and copper production all but disappeared because of much worse than thought problems at its big Cadia mine in central NSW.

Newcrest Mining (NCM) has made a disappointing start to the 2015-16 financial year, with two workplace fatalities, mechanical failures at its Cadia (NSW) and Lihir (PNG) mines and reporting below-par production rates.

The dividend drought for shareholders in gold miner Newcrest Mining (NCM) continues, but judging from comments in yesterday’s annual profit report from senior management, it could also be close to ending.

Newcrest Mining (NCM) ignored the weak gold price and rose 2.7% yesterday (and in a mostly negative market) after surprising investors with what looks like a solid June quarter and financial year production report.

Gold miner, Newcrest (NCM) yesterday revealed that two senior executives would be leaving the company after an internal reorganisation aimed at trying to end the recurring problems at the Lihir gold mine in PNG and to try and kick start another project at Golpu, also in PNG.

A generally upbeat March quarter production and exploration report from Newcrest Mining (NCM) yesterday, but it failed to have much impact on the share price which was hit by the sharp fall in world gold prices overnight Wednesday.

Some would call it brave, especially given the past year or so, for Newcrest Mining (NCM) to be talking about a new multi-billion dollar gold mine in Papua New Guinea.

Newcrest Mining (NCM) said yesterday that gold production fell 12% in its fiscal first quarter as it mined lower-grade ore at some operations and tackled disruptions at its massive Lihir mine in Papua New Guinea.

Like Ansell (ANN), Newcrest Mining (NCM) has managed to keep the market happy despite a timely warning of another big writedown which was confirmed yesterday in the 2013-14 profit announcement. It was the second year of big losses and write-offs in a row.