Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Newcrest Mining Limited    NCM   AU000000NCM7

End-of-day quote. End-of-day quote  - 09/29
22.4 AUD   +0.22%
09/28 SOLGOLD : Newcrest and Maxit Agree to USD33m Equity Raising in SolGo..
09/26 SOLGOLD : Receipt of Superior Investment Proposal
09/26 SOLGOLD : Agrees To Share Issue Terms With Newcrest And Maxit (ALLIS..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Newcrest Mining Limited : Newcrest Mining Cuts Its Full-Year Gold Production Guidance

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/24/2012 | 01:28am CEST

Newcrest Mining Ltd. (NCM.AU, NCMGY, NM.T), Australia's largest producer of gold, again cut its output target for the financial year Tuesday following heavy rains and production disruptions at key operations.

Gold production for the year through June is now expected to be between 2.25 million and 2.35 million ounces, rather than the 2.43 million to 2.55 million previously forecast, the Melbourne company said. It also reduced its guidance for annual copper production to a range of 70,000 to 75,000 metric tons from the 75,000 to 80,000 tons previously forecast.

Newcrest said it produced 532,237 ounces of gold and 18,072 tons of copper in the March quarter, down 12% and 10% respectively year-on-year.

The gold producer in February warned its production target for the year was at risk due to continuing disruptions to its Lihir mining operations in Papua New Guinea.

The production forecast was cut in December from an August estimate of a rise in output to as much as 2.925 million ounces. Newcrest produced 2.7 million ounces in the last financial year, assuming a full year of output from Lihir Gold Ltd., which it bought for roughly A$9.5 billion (US$9.8 billion) in a deal that became effective in August 2010.

Newcrest operates eight mines in Australia, Indonesia, Ivory Coast and Papua New Guinea.

-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094; robb.stewart@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NEWCREST MINING LIMITED
09/28 SOLGOLD : Newcrest and Maxit Agree to USD33m Equity Raising in SolGold
09/26 SOLGOLD : Receipt of Superior Investment Proposal
09/26 SOLGOLD : Agrees To Share Issue Terms With Newcrest And Maxit (ALLISS)
09/23 ANTIPA MINERALS : Secures exciting new gold opportunity
09/22DJSolGold Gets Favorable Cash Investment Proposal from Maxit Capital
09/22 SOLGOLD : Scraps Newcrest Investment Offer As Superior Offer Is Tabled (ALLISS)
09/21 NEWCREST MINING LIMITED : ex-dividend day for final dividend
09/20 NEWCREST MINING : Harmony buys out Newcrest stake in Hidden Valley gold mine
09/20 NEWCREST MINING : Harmony Gold acquires Hidden Valley
09/18DJNEWCREST MINING : Offloads Stake in PNG Mine to Partner Harmony Gold
More news
Sector news : Gold Mining
09/19DJPT Medco Energi to Buy Oil-and-Gas Stake in Indonesia
09/15DJBARRICK GOLD : Operations at Argentina Mine Suspended
09/15DJBARRICK GOLD : Operations at Argentina Mine Temporarily Suspended
08/31 FTSE posts third straight month of gains
08/31DJForeign Miners Back Off Operations in Indonesia -- WSJ
More sector news : Gold Mining
News from SeekingAlpha
09/26 The Great News For Gold Miners
09/26 RESOURCE SECTOR DIGEST : Northern Lightning
09/19 Harmony Gold buys Hidden Valley mine from Newcrest
08/26 Are We At The Point Of Maximum Financial Risk For Bonds?
07/30 What Can We Learn From The Gold Majors' Largest Mines
Advertisement
Financials ( AUD)
Sales 2017 4 868 M
EBIT 2017 1 358 M
Net income 2017 880 M
Debt 2017 1 788 M
Yield 2017 1,05%
P/E ratio 2017 20,35
P/E ratio 2018 19,15
EV / Sales 2017 3,88x
EV / Sales 2018 3,59x
Capitalization 17 078 M
More Financials
Chart NEWCREST MINING LIMITED
Duration : Period :
Newcrest Mining Limited Technical Analysis Chart | NCM | AU000000NCM7 | 4-Traders
Full-screen chart
Technical analysis trends NEWCREST MINING L...
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 23,0  AUD
Spread / Average Target 2,8%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Sandeep Biswas CEO, Executive Director & Managing Director
Peter Algernon Franc Hay Independent Non-Executive Chairman
Gerard Bond CFO, Executive Director & Finance Director
John Menzies Spark Independent Non-Executive Director
Richard John Lee Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
NEWCREST MINING LIMITE..72.32%13 120
BARRICK GOLD CORP.120.17%21 020
NEWMONT MINING CORP117.07%20 805
AGNICO EAGLE MINES LTD93.41%12 395
SAUDI ARABIAN MINING C..--.--%9 223
SHANDONG GOLD MINING C..79.57%8 046
More Results