Newcrest Reports HYFY20 Performance; Profit Up, Production Down Against PCP

Newcrest Mining Limited (ASX:NCM) reports the performance of 1H FY20, in which the statutory profit stood at $236 million, in line with the previous corresponding period.

  • The underlying profit for the period stood at $280 million, up by 18 per cent as compared to pcp.
  • The production of Gold fell by 12 per cent against pcp to stand at 1.1 million tonnes with 18 per cent higher all-in sustaining cost against. The ASIC for the period stood at $880 per ounce.
  • The cash flow from operations fell by 3 per cent to stand at $448 million during the period.
  • The free cash flow stood negative at $729 million for the period, which remained $106 million prior to the acquisition of Red Chris and additional investment in Lundin Gold.

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