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- Newcrest Mining shared its financial results for 2022 today (19 August).
- The statutory and underlying profits of the company for the current period were AU$872 million.
- Fully franked final dividend of US 20 cents per share.
Newcrest Mining Limited (ASX:NCM), an ASX-listed company that is involved in the exploration, development, mining and sale of gold, shared its financial results for 2022 today (19 August).
Following the announcement, shares of Newcrest started the day on a positive note and the shares were 3.94% up at AU$19.44 each on ASX today at 10.31 AM AEST.
This outperforms ASX 200 Materials index, which was 1.20% higher at 16,587.90 points today at the same time.
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Data Source- Company announcement dated 19 August 2022
In a separate filing, Newcrest also shared an update on its group Mineral Resource and Ore Reserve for the six months ending on 30 June 2022.
According to estimates, the Group Ore Reserves had around 61 million ounces of gold, 11 million tonnes of copper, 29 million ounces of silver, and 0.099 million tonnes of molybdenum as of 30 June 2022.
In comparison to the estimate as of 31 December 2021, this reflects declines of roughly 2 million ounces of gold (3%), 0.3 million tonnes of copper (3%), 1 million ounces of silver (6%), and 0.011 million tonnes of molybdenum (6%), primarily due to mining depletion.
The Group Ore Reserves on 30 June 2022 have changed from 31 December 2021 in the following ways:
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AISC spending projection for FY23 includes:
Due to the intense inflationary pressures observed across several input costs, including energy and steel, and the competition for labour from infrastructure projects, the company is anticipating continued pressure on capital costs. Newcrest has already taken this into account in its FY23 guidance.
As its feasibility studies move forward, Newcrest continues to assess cost estimates to manage operating and capital cost pressures in the current inflationary climate.
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