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    NCM   AU000000NCM7

NEWCREST MINING LIMITED

(NCM)
  Report
Delayed Australian Stock Exchange  -  12:10:47 2023-01-27 am EST
22.42 AUD   -2.31%
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01/26Newcrest Mining Produces 512,000 Gold Ounces in Fiscal Q2
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Newcrest 2Q Gold Output, Costs Down On-Quarter

01/24/2023 | 05:34pm EST

By Rhiannon Hoyle


Newcrest Mining Ltd. said it produced less gold but more copper in its second fiscal quarter versus the three months immediately prior, and that costs were lower than the previous period.

The Australia-based mining company reported gold output of 512,130 troy ounces in the three months through December. That compared to 527,115 ounces in the three months immediately prior.

Newcrest said it produced 34,564 metric tons of copper, up from 32,459 tons the quarter prior.

The company's all-in sustaining cost, a measure used to show the full cost of gold mining, fell to $1,082 an ounce from $1,095 an ounce, Newcrest said. That reflected a higher proportion of lower-cost production from its Cadia operations, an increased copper price and weaker Australian and Canadian currencies versus the U.S. dollar, it said.

"Following a solid start to the year we remain confident in delivering a stronger operating performance through the second half of FY23," said Interim Chief Executive Sherry Duhe.


Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com


(END) Dow Jones Newswires

01-24-23 1734ET

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.14% 0.7103 Delayed Quote.4.30%
BRITISH POUND / US DOLLAR (GBP/USD) -0.13% 1.2397 Delayed Quote.2.60%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.01% 0.7508 Delayed Quote.1.24%
EURO / US DOLLAR (EUR/USD) -0.25% 1.08649 Delayed Quote.2.04%
GOLD -0.17% 1927.29 Delayed Quote.6.84%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.11% 0.012271 Delayed Quote.1.50%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.04% 0.6492 Delayed Quote.2.06%
NEWCREST MINING LIMITED -2.31% 22.42 Delayed Quote.8.62%
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Analyst Recommendations on NEWCREST MINING LIMITED
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Financials (USD)
Sales 2023 4 605 M - -
Net income 2023 716 M - -
Net Debt 2023 1 366 M - -
P/E ratio 2023 19,0x
Yield 2023 1,46%
Capitalization 14 200 M 14 200 M -
EV / Sales 2023 3,38x
EV / Sales 2024 3,43x
Nbr of Employees 5 304
Free-Float 99,2%
Chart NEWCREST MINING LIMITED
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Technical analysis trends NEWCREST MINING LIMITED
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 15,94 $
Average target price 17,38 $
Spread / Average Target 9,04%
EPS Revisions
Managers and Directors
Sherry Duhe Chief Executive Officer
Daniel O'Connell Chief Financial Officer & Group Treasurer
Peter William Tomsett Independent Chairman
Suresh Vadnagra Chief Technical & Projects Officer
Craig Antony Jones Chief Operating Officer
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