|Day's Range||19.64 - 20.05|
|52 Week Range||16.35 - 25.93|
|PE Ratio (TTM)||34.79|
|Dividend & Yield||0.15 (0.95%)|
|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.
Operations at the mine's Panel Cave 1 are expected to resume during the 3rd quarter
Australian gold and coal mining stocks could face hefty increases in their electricity bills over the next few years as around $500 million of power contracts are re-negotiated by 2020. Goldman Sachs has taken a closer look at the fallout from rising power prices on Australian miners who pay around $3.5 billion a year for electricity. Australia's energy network is a mess at the moment - witness Tesla building the world's largest lithium ion battery in South Australia - thanks to closures of large coal-fired power stations, rising gas prices due to increased exports of liquefied natural gas, and the addition of more costly renewable energy.