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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Newcrest Mining Limited    NCM   AU000000NCM7

NEWCREST MINING LIMITED

(NCM)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 11/23
28.33 AUD   +0.89%
11/20Australia shares snap four-day rally as virus outbreaks weigh
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11/19Australian shares end higher as financials gain; NZ falls
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11/10Australian shares gain for fifth session; NZ eyes c.bank decision
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Newcrest Mining : Approves A$236 Million for Projects to Improve Gold Recoveries

10/08/2020 | 04:07pm EST

By Stuart Condie

SYDNEY--Newcrest Mining Ltd. said it has approved capital projects worth 236 million Australian dollars (US$169.1 million), including stage two of the expansion of its Cadia mine in eastern Australia.

Australia's largest gold miner by market capitalization on Friday said its board has approved the addition of equipment to one of the concentrators and upgrades to another at Cadia in New South Wales state. Newcrest expects the project to increase life-of-mine gold recoveries by 3.5% and copper recoveries by 2.7%, while reducing all-in-sustaining-cost by an estimated A$22 per ounce.

The Cadia expansion will cost A$175 million, compared with a previous estimate of A$180 million, Newcrest said in a filing to the Australian Securities Exchange.

The firm said it will also spend A$61 million to improve grinding classification and reduce gold losses through the flotation circuit at its Lihir operation in Papua New Guinea. Gold recoveries are projected to rise by 1.2% over the life of the mine, Newcrest said.

Write to Stuart Condie at stuart.condie@wsj.com

(END) Dow Jones Newswires

10-08-20 1807ET

Stocks mentioned in the article
ChangeLast1st jan.
GOLD -0.23% 1831.084 Delayed Quote.23.20%
NEWCREST MINING LIMITED 0.89% 28.33 End-of-day quote.-6.35%
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More news
Financials (USD)
Sales 2021 4 590 M - -
Net income 2021 1 152 M - -
Net Debt 2021 271 M - -
P/E ratio 2021 14,5x
Yield 2021 1,24%
Capitalization 16 832 M 16 789 M -
EV / Sales 2021 3,73x
EV / Sales 2022 3,88x
Nbr of Employees 5 304
Free-Float 99,5%
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Technical analysis trends NEWCREST MINING LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 24,94 $
Last Close Price 20,67 $
Spread / Highest target 49,3%
Spread / Average Target 20,7%
Spread / Lowest Target -5,81%
EPS Revisions
Managers
NameTitle
Sandeep Biswas Chief Executive Officer, Executive Director & MD
Peter Algernon Franc Hay Independent Non-Executive Chairman
Gerard Bond CFO, Finance Director & Executive Director
Suresh Vadnagra Chief Technical & Projects Officer
Philip Stanley Aiken Independent Non-Executive Director
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1st jan.Capitalization (M$)
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