Newcrest (NCM) beats on production
Newcrest Mining (NCM) +1.93%
Out with their FY20 and June Quarter production and sales scorecard today and the numbers were good. While they didn’t announce FY21 guidance (they will do at FY results next month), todays result showed that NCM, like OZL yesterday has turned the corner in terms of operational issues and can now focus on ramping up for growth. They’ve previously said they want 5 tier 1 assets and they have a few credible options already on the books to complement Cadia & Lihir. Expect more growth through drilling from NCM as they work through their “organic growth journey” over and above any M & A.
Newcrest Mining (NCM) Chart
