Newcrest Mining

Newcrest Mining’s half year result reflects record high gold prices and growing production. Net profit after tax rose 50% to $659m, including $55m in gains from asset sales. Operating cashflow rose 9% to just over $1bn. Earnings per share rose 32% to 86 cents, from which a 12 cent dividend was declared (ex-date 19 Mar), up 20% from last year. Gold production increased 1% to over 1.2m ounces of gold for the half year. In summary, profits are high, production increasing and, as we noted in The case for gold on 16 Apr 2010, this analyst expects higher gold prices...

Newcrest Mining’s half year result reflects record high gold prices and growing production. Net profit after tax rose 50% to $659m, including $55m in gains from asset sales. Operating cashflow rose 9% to just over $1bn. Earnings per share rose 32% to 86 cents, from which a 12 cent dividend was declared (ex-date 19 Mar), up 20% from last year. Gold production increased 1% to over 1.2m ounces of gold for the half year. In summary, profits are high, production increasing and, as we noted in The case for gold on 16 Apr 2010, this analyst expects higher gold prices to endure. Why, then, do we continue to shun the country’s largest gold miner?

{{content.question}}

{{ 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
Mastercard

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