|Bid||22.48 x 210500|
|Ask||22.60 x 2937000|
|Day's range||22.43 - 22.82|
|52-week range||19.26 - 25.33|
|PE ratio (TTM)||56.35|
|Earnings date||15 Feb. 2018|
|Forward dividend & yield||0.15 (0.80%)|
|1y target est||18.23|
Shareholders in ASX-listed gold miners may have found a new BFF in the form of bitcoin as the crypto market appears to be driving demand for the precious metal.
Newcrest Mining has sold its 89.9 per cent stake in the Bonikro mine in Cote d'Ivoire (Ivory Coast), west Africa, to a consortium of F&M Gold Resources and Africa Finance Corporation, for $81 million. The sale follows an extensive review of the asset and will provide a clear future path for the Bonikro mine for the benefit of its employees and stakeholders, Newcrest chief executive Sandeep Biswas said. Bonikro produced 128,000 ounces of gold, or about five per cent Newcrest's output, in the year to June 2017.
Newcrest Mining has posted a decline in September quarter gold and copper production as a number of major plant shutdowns weighed on performance. Australia's biggest gold miner produced 522,917 ounces of gold in the three months to September 30, down 5.2 per cent from the June quarter and 15 per cent lower from a year ago. Copper output was up nearly 29 per cent from the preceding quarter to 16,681 tonnes, but was down nearly 30 per cent from a year earlier.
Newcrest Mining has posted a five per cent decline in September quarter gold production as a number of major plant shutdowns weighed on performance. Australia's biggest gold miner produced 522,917 ounces of gold in the three months to September 30, down 5.2 per cent from 551,815 ounces in the June quarter. The company has kept its full-year guidance range unchanged at 2.4 to 2.7 million ounces of gold, with production from its Cadia East mine expected to ramp up in the second half of the fiscal year, along with fewer planned shutdowns.
Auckland, New Zealand, Sep 22, 2017 - (ABN Newswire) - New Talisman (ASX:NTL.AX - News) (NZE:NTL.AX - News) is pleased to announce that, it has acquired 100% of Newcrest New Zealand Exploration Pty Ltd, a subsidiary of Newcrest Mining Limited (Newcrest) that held 80% of the highly prospective Rahu Project with 20% held by NTL. NTL has entered into a sale and purchase agreement with Newcrest which supersedes the previous agreements with Newcrest. NTL is evaluating options to fast track the exploration project having acquired all geological and site targeting data and logging.