Last A$10.36 AUD
Change Today +0.41 / 4.12%
Volume 4.8M
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As of 2:10 AM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

newcrest mining ltd (NCM) Snapshot

Open
A$10.00
Previous Close
A$9.95
Day High
A$10.44
Day Low
A$9.97
52 Week High
03/14/14 - A$12.50
52 Week Low
12/10/13 - A$6.96
Market Cap
7.9B
Average Volume 10 Days
4.3M
EPS TTM
A$-2.90
Shares Outstanding
766.5M
EX-Date
03/18/14
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for NEWCREST MINING LTD (NCM)

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newcrest mining ltd (NCM) Details

Newcrest Mining Limited is engaged in the exploration, development, mining, and sale of gold and gold/copper concentrates. It owns and operates various mines in Australia, Papua New Guinea, and Indonesia, as well as in Cote d’Ivoire, West Africa. The company also explores for silver properties. Newcrest Mining Limited was founded in 1966 and is headquartered in Melbourne, Australia.

Founded in 1966

newcrest mining ltd (NCM) Top Compensated Officers

Chief Executive Officer, Managing Director, E...
Total Annual Compensation: A$1.5M
Chief Financial Officer, Finance Director and...
Total Annual Compensation: A$1.4M
Executive General Manager, General Counsel an...
Total Annual Compensation: A$311.0K
Executive General Manager of Minerals
Total Annual Compensation: A$1.4M
Executive General Manager of Australian Opera...
Total Annual Compensation: A$1.3M
Compensation as of Fiscal Year 2014.

newcrest mining ltd (NCM) Key Developments

Newcrest Mining Limited Announces Audited Consolidated and Parent Earnings Results for the Full Year Ended June 30, 2014; Provides Production and Depreciation and Amortization Expenditure Guidance for the Year 2015

Newcrest Mining Limited announced audited consolidated and parent earnings results for the full year ended June 30, 2014. For the year, on consolidated basis the company reported sales revenue of AUD 4,040 million against AUD 3,775 million a year ago. Net loss attributable to members of the parent entity was AUD 2,221 million against AUD 5,783 million a year ago. Loss before interest and income tax was AUD 2,551 million against AUD 6,090 million a year ago. Loss before income tax was AUD 2,725 million against AUD 6,199 million a year ago. Diluted loss per share was 289.8 cents against 755.1 cents a year ago. Net cash provided by operating activities was AUD 1,037 million against AUD 1,147 million a year ago, reflecting higher revenue compared to the prior year as a result of increased sales volumes offset by the continued effect of a lower average realized gold price for the current year and the unwinding of approximately AUD 200 million of favorable working capital balances as at 30 June 2013. Cash flow from operating activities in the current year was also adversely impacted by a AUD 64 million increase in interest payments associated with higher average debt levels during the current year, a AUD 70 million cash tax payment associated with the company's voluntary amendment of its past Australian research and development claims, and AUD 65 million of restructuring expenditure associated with office closure and redundancy costs. EBITDA was AUD 1,514 million and EBIT of AUD 821 million for the current year against AUD 1,473 million and EBIT of 745 million a year ago. Exploration expenditure was AUD 62 million against AUD 152 million a year ago. Underlying profit was AUD 432 million against AUD 446 million a year ago, primarily reflects the impact of a 9% lower average realized gold price partially offset by a 17% increase in gold sales volumes. Payments for property, plant and equipment was AUD 205 million against AUD 466 million a year ago. Information systems development was AUD 8 million against AUD 40 million a year ago. Mine under construction, development and feasibility expenditure was AUD 439 million against AUD 1,440 million a year ago. Capital expenditure commitments were AUD 143 million against AUD 105 million a year ago. Net debt was AUD 3,935 million. Total capital expenditure in the 2014 financial year of AUD 843 million, All-In Sustaining Cost expenditure of AUD 2.33 billion and exploration expenditure of AUD 62 million were also below their guidance of AUD 895 to AUD 1,025 million, AUD 2.45 to AUD 2.73 billion and AUD 80 to AUD 90 million, respectively. On parent basis the year, the company reported loss after income tax was AUD 2,551 million against AUD 4,183 million a year ago. Capital expenditure commitments were AUD 9 million against AUD 12 million a year ago. The company expects that is free cash flow is to be positive in the 2015 financial year at an average realized gold price of USD 1,250 per ounce, subject to market and operating conditions, with the following guidance: group gold production is expected to be in the range of 2.2 to 2.4 million ounces; group copper production is expected to be in the range of 75,000 to 85,000 tones; group silver production is expected to be in the range of 2.2 to 2.5 million ounces. For the year 2015, the company expects total capital expenditure (inclusive of project and development capital, production stripping and sustaining capital) is expected to be in the range of AUD 660 to AUD 740 million, including approximately AUD 240 to AUD 280 million relating to the development of Cadia East Panel Cave 2. Total exploration expenditure (inclusive of on-site exploration) is expected to be in the range of AUD 60 to AUD 70 million. Depreciation and amortization of site assets (including production stripping) is expected to be in the range of AUD 600 to AUD 670 million, including the amortization of capitalized production stripping. The company effective tax rate expected to be 30%.

Newcrest Mining Limited, 2014 Earnings Call, Aug 18, 2014

Newcrest Mining Limited, 2014 Earnings Call, Aug 18, 2014

Newcrest Mining Limited Announces Operating Results for the Fourth Quarter and Full Year Ended June 30, 2014; Provides Production and Cash Flow Guidance for the Year 2015; Provides Cash Flow Guidance for Fiscal 2014; Provides Production Guidance for the Quarter Ended September 2014 and Second Half of Fiscal 2015

Newcrest Mining Limited announced operating results for the fourth quarter and full year ended June 30, 2014. For the quarter, the company reported gold production of 636,736 ounces compared to 85,146 ounces or 15% higher than the March 2014 quarter. Copper production was 22,871 tonnes compared to 1,859 tonnes or 9% higher than the March 2014 quarter. Gold production for the June quarter increased at all sites except Bonikro. The key drivers of increased quarterly production were higher gold grades and plant throughput at Gosowong, increased mining rates at Ridgeway, continued ramp up at Cadia East and higher gold recoveries at Lihir. For fiscal 2014, the company reported gold production of 2,396,023 ounces, a 14% increase on 2,109,784 ounces in the 2013 financial year. Copper production was 86,118 tonnes, a 7% increase on 80,366 tonnes in the 2013 financial year. Group free cash flow for fiscal 2014 is estimated to be approximately AUD 130 million (subject to finalisation of audited financial statements). For the fiscal 2015, gold production expected to be in the range of 2.2 million ounces to 2.4 million ounces, expected copper production of between 75,000 tonnes and 85,000 tonnes. The capital expenditure on Cadia East Panel Cave 2 is expected to be in the range of AUD 240 million to AUD 280 million, with commercial production expected to be achieved around the middle of this financial year. Free cash flow expected to be positive for the 2015 financial year. Gold production for the September 2014 quarter is expected to be lower than the June 2014 quarterly production as a result of expected lower gold grades, particularly at Gosowong, and a planned autoclave shutdown at Lihir. This is also expected to result in a higher Group AISC per ounce in the September 2014 quarter than achieved in the June 2014 quarter. Gold production during the second half of the 2015 financial year is expected to be higher than the first half of the 2015 financial year.

 

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