Newcrest Mining: When down means up

A second production downgrade has caused the share price to fall and our interest to rise. Gaurav Sodhi explains.

For the second time this year, Newcrest Mining has downgraded production forecasts, sending the share price down 7% last week. Instead of producing 2.43-2.55 million ounces of gold for the year, it’s now aiming for 2.25-2.35m ounces.

Whether this is an opportunity or a glimpse into a far darker future depends on whether the company can fix its problems and reclaim lost production. And that won’t be easy.


{{ twilioFailed ? 'SMS Code Failed to Send…' : '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

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

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 to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles