Company updates

Newcrest sees lower profit in 1H16, but improved credit metrics

Newcrest 1H16 results were down on the prior period reflecting a 10% lower gold price. From a credit perspective, it was positive to see an improvement in free cash flow and that the company was still able to deleverage despite the lower gold price during the first half. We expect to see an improved 2H16 performance given the gold price is now rallying

Tuesday 16 February 2016 by
Company updates

Newcrest delivers strong March quarterly report

Overall we consider it’s a positive result for Newcrest – the company has increased gold production, upgraded its full year copper production outlook, reduced its capital expenditure forecast and indicated costs were likely to be at the lower end of its previous guidance range

Thursday 23 April 2015 by
Company updates

Kinross FY14 result and outlook

In FY14, Kinross was able to achieve record production of 2.71 million ounces, declining costs and strong cash flow generation despite lower gold prices.

Wednesday 11 February 2015 by
Week in review

From the Trading Desk

Europe takes centre stage; inflation expected to be lower; USD volumes continue to increase as AUD falls; gold and Newcrest Mining rally; new DirectBond Fortescue Metals Group 2017s; and Emeco downgraded by Moody’s