👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

BRIEF-Newcrest Mining Posts Qtrly Gold Production 551Koz

Published 30/01/2020, 11:19 am
© Reuters.  BRIEF-Newcrest Mining Posts Qtrly Gold Production 551Koz
NCM
-

Jan 30 (Reuters) - Newcrest Mining Ltd NCM.AX :

* QTRLY GROUP AISC OF $859 PER OUNCE, DOWN $40 FROM SEPTEMBER 2019 QUARTER

* QTRLY GOLD PRODUCTION 551KOZ, UP 8% FROM SEPTEMBER 2019 QUARTER

* QTRLY COPPER PRODUCTION OF 38KT, UP 52% FROM SEPTEMBER 2019 QUARTER

* GOLD PRODUCTION IN SECOND HALF OF FINANCIAL YEAR IS EXPECTED TO BE HIGHER THAN FIRST HALF

* FY20 GROUP GOLD AND COPPER PRODUCTION GUIDANCE REMAINS UNCHANGED

* PNG MINISTER FOR MINING HAS ADVISED THAT STATE OF PNG HAS WITHDRAWN SUPPORT FOR MOU WITH WAFI-GOLPU JOINT VENTURE

* STATE OF NEW SOUTH WALES REMAINS IMPACTED BY A SEVERE DROUGHT

* IF RAINFALL AT/ABOVE BOTTOM QUARTILE OF HISTORICAL LEVELS IN REST 2020 CALENDAR YEAR, PRODUCTION AT CADIA NOT EXPECTED TO BE IMPACTED

* RECENT BUSHFIRES HAVE HAD NO DIRECT IMPACT ON CADIA

* FIRES CAUSED SOME DAMAGE TO TRAINLINES & ASSOCIATED INFRASTRUCTURE WHICH DELAYED TRANSPORT OF SOME OF CADIA'S CONCENTRATE

* PROSPECTIVE ACQUIRERS EXPRESSED PREFERENCE TO ACQUIRE ALL OF CO'S 75% STAKE IN GOSOWONG & IS NOW MORE LIKELY OUTCOME

* STATE OF PNG WITHDREW SUPPORT FOR WAFI-GOLPU JV MOU CITING DELAY BY LEGAL PROCEEDINGS BY MOROBE PROVINCIAL GOVERNMENT

* STATE OF PNG INTENDS TO RESOLVE LEGAL PROCEEDINGS & TO WORK WITH WAFI-GOLPU JV TO EXPEDITE PROJECT PERMITTING DISCUSSIONS

* CO'S INTERNAL MODELLING INDICATES IF RAINFALL REMAINS AT 1-IN-100 YEAR LOWS, PRODUCTION MAY BE IMPACTED BY END OF CALENDAR YEAR 2020

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.