Newcrest Mining – Gold Update

A strong result for NCM in Dec Q18, driven by out performance at
Cadia, (Cadia Valley NSW is one of Australia’s largest gold mining operations).  

Cadia set a record for both quarterly and half year gold production.

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Gold production guidance for FY19 is unchanged at 2.5mn ounces.  This is around prior high levels of production reached a few years back.

The gold sector has been a hot spot for recent merger and acquisitions. The market is waiting to see if Newcrest makes a move. 

In FY 19 revenue will increase 10% and EBIT should increase to US$965mn.  The stock trades on a forward yield of 1.5%.






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