Company factsheets
Australia’s largest gold producer and ranked in the top five global producers by output. It owns a portfolio of six production assets in four countries
Company factsheets
Australia’s largest gold producer and ranked in the top five global producers by output. It owns a portfolio of six production assets in four countries
Company factsheets
Australia’s largest gold producer and ranked in the top five global producers by output. It owns a portfolio of six production assets in four countries
Company updates
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
Company updates
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
Company updates
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.
Company factsheets
Kinross Gold Corporation USD 5.95% 15 March 2024 Senior Unsecured Bond
Week in review
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
Trade opportunities
We look at the performance of gold and FIIG’s two USD gold mining offerings, Newcrest and Kinross (only available to wholesale investors).