|Bid||9.53 x 1600|
|Ask||9.65 x 1000|
|Day's Range||9.40 - 9.61|
|52 Week Range||9.28 - 22.91|
|PE Ratio (TTM)||63.87|
|Dividend & Yield||0.10 (1.02%)|
|1y Target Est||N/A|
Newcrest Mining (NCM.AU), one of the world's largest gold miners, has relied on strong performances from its Lihir and Gosowong mines to offset lower production at its troubled Cadia mine. The Australian miner's fourth quarter production report showed gold output fell 8% from the preceding quarter to 552,000 ounces, while production in the 2017 financial year fell 2.4% to 2.38 million ounces. The company had forecast full year gold production of between 2.35 million ounces and 2.6 million ounces.
The iShares MSCI South Africa exchange-traded fund (EZA) has had a good week, up 2.4%, after the central bank delivered its first interest rate cut since 2012. South Africa's central bank cut the country's policy rate 25 basis points to 6.75%, and also aggressively reduced growth estimates. Gross domestic product is now projected at 0.5% this year, down from 1%, versus 0.3% in 2016.
In this article, we'll look at the performance of Yamana Gold (AUY), Pan American Silver (PAAS), Cia De Minas Buenaventura (BVN), and AngloGold Ashanti (AU) in relation to gold.