Newcrest: the good and the bad

Right now, Newcrest Mining is a failure. But it doesn’t have to be, argues Gaurav Sodhi. Here he explains how a good miner can emerge from the bad.

Newcrest Mining was created with every conceivable advantage; imbued with cash and huge orebodies, lucky with exploration and blessed to be operating amidst the largest gold bull market in a generation. How could such stupendous luck turn to such a gigantic failure?

Newcrest’s share price has tumbled from highs of over $40 in 2011 to $10.64 today. The last time it traded at such lowly prices (acknowledging that the number of shares on issue is now far higher) was a decade ago in 2003.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have 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 complete your SMS verification

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 proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


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