Newcrest: Interim result 2014

Despite higher production and lower costs, this was a disappointing result for the nation's largest goldminer.

Since the gold price tanked last year, expectations for gold miners have been low. Newcrest Mining’s first-half results for 2014 duly met those expectations. Although gold production increased 27% to 1.2m ounces and the cost of production fell 18% to $1,000 per ounce, underlying profit fell 36% to $207m, mostly a result of lower gold prices. No dividend was declared and, as usual for Newcrest, the company absorbed cash.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles