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Newcrest Mining Limited Message Board

  • oedd1159 oedd1159 Jun 27, 2013 7:35 PM Flag

    did you see the book value ?

    Too good to be true.By the way why if this co was founded in 1933 their statements are so eliptic shown. i could only found two years ,2012 and 2008.

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    • What book value did you see and where did you see it? Newcrest has a history tab on their website showing founded in 1966. They also list all quarterly and annual reports under the Investor tab. I am thinking of buying in at this level as I expect gold to recover in the next twelve months. Here is their history story:

      "Newcrest Mining Limited is the largest gold producer listed on the Australian Stock Exchange (ASX) and one of the top five gold producers globally by reserves and market capitalisation.

      Newcrest dates back to 1966, when Newmont Mining Limited established an Australian subsidiary, Newmont Holdings Limited (which subsequently changed its name to Newmont Australia Limited), to find and develop gold prospects in Australia.

      "In 1990, Newmont Australia Limited acquired Australmin Holdings Limited and merged with BHP Gold Limited (a wholly-owned subsidiary of BHP Limited). The merged entity changed its name to Newcrest Mining Limited.

      "Newcrest has been listed on the ASX since 1987 (initially as Newmont Australia Limited). Following the successful merger with Lihir Gold Limited in 2010, Newcrest also listed on the Port Moresby Stock Exchange. In March 2012, Newcrest successfully applied for a secondary listing on the Toronto Stock Exchange."

17.185-0.295(-1.69%)Oct 20 3:59 PMEDT