Newcrest’s Gold Production Tumbles by 23 per cent in the September 2019 quarter

  • Oct 24, 2019 AEDT
  • Team Kalkine

Newcrest Mining Limited’s (ASX: NCM) gold production stood at 512k ounces during the September 2019 quarter, down by 23 per cent against the previous quarter.

  • Copper production during the quarter declined by 14 per cent to stand at 25k tonnes.
  • The all-in sustaining cost (AISC) of the group surged by USD 179 per ounce to stand at USD 899 per ounce, while the AISC margin for the group was at USD 537 per ounce.
  • In August 2019, the company took 70 per cent stake in the Red Chris Gold Prospect in Canada.

NCM took a hit after posting the results to trade at $32.065 (1:31 PM AEST), down by 1.46 per cent from its previous close.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK