Loading..

Newcrest Mining Limited (NCM) Report Analysis

Corporate Events

Negative

Newcrest Mining Limited Announces the Brucejack...

2022-11-16 07:44:00

Newcrest Mining Limited (Newcrest) announced that the Brucejack mine has resumed mining and processing operations pursuant to a safety-first r...

Positive

Newcrest Mining Limited Announces Cadia PC1-2 F...

2022-11-10 22:15:00

Newcrest Mining Limited announced that the Newcrest Board has approved progression of the Cadia PC1-2 Feasibility Study (the Study) to the Exe...

Positive

Newcrest Mining Limited Announces Telfer Mine L...

2022-11-07 22:16:00

Newcrest Mining Limited (Newcrest) announced that it is proceeding with the West Dome Stage 8 cutback at its Telfer operation, with the Newcre...

Neutral

Newcrest Mining Limited Presents at Energy and ...

2022-10-24 12:07:00

Newcrest Mining Limited Presents at Energy and Mines Toronto Summit, Nov-01-2022 04:50 PM. Venue: Delta Hotel, Toronto, Ontario, Canada. Speak...

Neutral

Newcrest Mining Limited - Shareholder/Analyst Call

2022-10-04 05:55:00

AGM

Positive

Headwater Gold Inc. announced that it has recei...

2022-08-31 00:00:00

On August 31, 2022, Headwater Gold Inc. closed the transaction. All securities issued in connection with the equity transaction will be subjec...

Neutral

Newcrest Mining Limited Presents at Internation...

2022-08-25 15:08:00

Newcrest Mining Limited Presents at International Mining and Resources Conference, Nov-02-2022 through Nov-04-2022. Venue: International Conve...

Positive

Newcrest Mining Limited, 0.29163 (AUD), Cash Di...

2022-08-19 00:00:00

Newcrest Mining Limited, 0.29163 (AUD), Cash Dividend, Aug-26-2022

Neutral

Tranche Update on Newcrest Mining Limited (ASX:...

2022-08-18 23:10:00

From January 1, 2022 to June 30, 2022, the company has repurchased 800,000 shares, representing 0.1% for AUD 19.51 million. With this, the com...

Positive

Newcrest Mining Limited Announces Annual Minera...

2022-08-18 22:45:00

Newcrest Mining Limited has updated its Mineral Resource and Ore Reserve estimates for the six-month period ending 30 June 2022. . The review ...

Neutral

Newcrest Mining Limited Provides Group Producti...

2022-08-18 22:42:00

Newcrest Mining Limited provided group production guidance for the year ending June 30, 2023. For the year, the company expects gold productio...

Negative

Newcrest Mining Limited Announces Ordinary Divi...

2022-08-18 22:41:00

Newcrest Mining Limited announced ordinary dividend of USD 0.20000000 for the six months ended June 30, 2022. The dividend is payable on Septe...

Positive

Headwater Gold and Newcrest Mining Sign Four Ea...

2022-08-16 18:56:00

Headwater Gold Inc. announced that it has signed four separate definitive option and earn-in agreements with a wholly owned subsidiary of Newc...

Positive

Headwater Gold Inc. announced that it expects t...

2022-08-12 00:00:00

Headwater Gold Inc. announced a non-brokered private placement of 5,446,397 common shares at a price of CAD 0.16 per share for gross proceeds ...

Neutral

Newcrest Mining Limited, 2022 Earnings Call, Au...

2022-07-28 02:29:00

Newcrest Mining Limited, 2022 Earnings Call, Aug 19, 2022

Neutral

International Mining and Resources Conference, ...

2022-06-30 16:18:00

International Mining and Resources Conference, International Mining and Resources Conference, Nov 02, 2022 through Nov 04, 2022. Venue: Intern...

Neutral

International Mining and Resources Conference, ...

2022-06-30 16:18:00

International Mining and Resources Conference, International Mining and Resources Conference, Nov 02, 2022 through Nov 04, 2022. Venue: Intern...

Neutral

Newcrest Mining Limited Presents at Diggers and...

2022-06-02 18:03:00

Newcrest Mining Limited Presents at Diggers and Dealers Mining Forum 2022, Aug-01-2022 10:15 AM. Venue: Goldfields Arts Centre, Cheetham Stree...

Neutral

Newcrest Mining Limited Presents at Bank of Ame...

2022-05-17 08:56:00

Newcrest Mining Limited Presents at Bank of America 2022 Global Metals, Mining and Steel Conference, May-17-2022 04:00 PM. Venue: Miami, Flori...

Neutral

Newcrest Mining Limited, Annual General Meeting...

2022-03-25 03:31:00

Newcrest Mining Limited, Annual General Meeting, Nov 09, 2022, at 10:30 AUS Eastern Standard Time. Location: at The Pavilion, Arts Centre Melb...

Neutral

Tranche Update on Newcrest Mining Limited (ASX:...

2022-02-17 08:33:00

From July 1, 2021 to December 31, 2021, the company has repurchased 300,000 shares, representing 0.04% for AUD 7.27 million. With this, the co...

Neutral

Diggers and Dealers Mining Forum, Diggers and D...

2022-02-07 20:17:00

Diggers and Dealers Mining Forum, Diggers and Dealers Mining Forum 2022, Aug 01, 2022 through Aug 03, 2022. Venue: Goldfields Arts Centre, Che...

Neutral

AME BC, 2021 AME Roundup Conference, Jan 31, 2...

2022-01-28 00:00:00

AME BC, 2021 AME Roundup Conference, Jan 31, 2022 through Feb 03, 2022.

Neutral

Newcrest Mining Limited Provides Group Producti...

2022-01-27 22:19:00

Newcrest Mining Limited provided group production guidance for the fiscal year 2022. For the fiscal year, the company expects to report group ...

Positive

Strategic Energy Resources Limited (ASX:SER) co...

2021-12-31 00:00:00

Strategic Energy Resources Limited (ASX:SER) agreed to acquire Three Exploration Licences EPM26439, EPM26440 And EPM26442 from Newcrest Mining...

Neutral

Bank of America Corporation, Bank of America 20...

2021-12-22 06:08:00

Bank of America Corporation, Bank of America 2022 Global Metals, Mining and Steel Conference, May 17, 2022 through May 19, 2022. Venue: Miami,...

Positive

Newcrest Mining Limited Announces Cadia Receive...

2021-12-13 23:53:00

Newcrest Mining Limited has received approval from the New South Wales Department of Planning, Industry & Environment (DPIE) for a modificatio...

Negative

Newcrest Mining Limited Announces Retirement of...

2021-12-08 01:03:00

Newcrest Mining Limited announced that Mr. Gerard Bond has retired as Finance Director of Newcrest, following the close of Newcrest's Board me...

Neutral

Newcrest Mining Limited, Board Meeting, Dec 08, 2021

2021-12-08 01:03:00

Newcrest Mining Limited, Board Meeting, Dec 08, 2021, at 12:00 AUS Eastern Standard Time. Agenda: To retire Gerard Bond as Finance Director.

Neutral

Newcrest Mining Limited Presents at Gold Forum ...

2021-12-07 12:03:00

Newcrest Mining Limited Presents at Gold Forum Americas / XPL-DEV 2022, Sep-20-2022 01:40 PM. Venue: Broadmoor Hotel, Colorado Springs, Colora...

Neutral

The Denver Gold Group, Inc., Gold Forum America...

2021-12-06 18:30:00

The Denver Gold Group, Inc., Gold Forum Americas / XPL-DEV 2022, Sep 18, 2022 through Sep 21, 2022. Venue: Broadmoor Hotel, Colorado Springs,,...

Negative

Newcrest Mining Limited Announces the Brucejack Mine Resumes Mining and Processing Operations

2022-11-16 07:44:00

Newcrest Mining Limited (Newcrest) announced that the Brucejack mine has resumed mining and processing operations pursuant to a safety-first restart plan.

Positive

Newcrest Mining Limited Announces Cadia PC1-2 Feasibility Study Demonstrates Strong Financial Returns

2022-11-10 22:15:00

Newcrest Mining Limited announced that the Newcrest Board has approved progression of the Cadia PC1-2 Feasibility Study (the Study) to the Execution Stage. The Study represents the next panel cave for execution at Cadia after PC2-3 and forms a key strategic milestone for Newcrest to maintain Cadia's long-life production profile, with the development of PC1-2 accounting for approximately 20% of Cadia's published Ore Reserves. The Study contemplates a high lift, undercut block cave producing up to 25 million tonnes1,2 of crushed ore per annum at a very attractive rate of return. First production from PC1-2 is expected in fiscal year of 2026, with execution targeted for FY295. The Early Works Program remains on track with key development activities and raise boring currently underway. Preliminary earthworks to support construction of the primary ventilation system are also in progress.

Positive

Newcrest Mining Limited Announces Telfer Mine Life Extended West Dome Stage 8 Approval

2022-11-07 22:16:00

Newcrest Mining Limited (Newcrest) announced that it is proceeding with the West Dome Stage 8 cutback at its Telfer operation, with the Newcrest Board approving a total investment of AUD 214 million (~USD 150 million) inclusive of mine operating costs and AUD 73 million (~USD 51 million) of capitalised production stripping. The cutback underpins continuity of operations at Telfer, with the mine now expected to extend operations into early Fiscal year 2025. The cutback is located adjacent to the current West Dome Stage 2 and West Dome Stage 5 pits, and first ore production is expected in the December 2022 quarter. Telfer guidance for FY23 remains unchanged, including gold production (355-405koz), sustaining production stripping (USD 55-75 million) and sustaining capital expenditure (USD 35-55 million).

Neutral

Newcrest Mining Limited Presents at Energy and Mines Toronto Summit, Nov-01-2022 04:50 PM

2022-10-24 12:07:00

Newcrest Mining Limited Presents at Energy and Mines Toronto Summit, Nov-01-2022 04:50 PM. Venue: Delta Hotel, Toronto, Ontario, Canada. Speakers: Dinesh Devathasan, Chief Mine Engineer.

Neutral

Newcrest Mining Limited - Shareholder/Analyst Call

2022-10-04 05:55:00

AGM

Positive

Headwater Gold Inc. announced that it has received CAD 0.871424 million in funding from Newcrest Mining Limited

2022-08-31 00:00:00

On August 31, 2022, Headwater Gold Inc. closed the transaction. All securities issued in connection with the equity transaction will be subject to a statutory hold period expiring December 31, 2022.

Neutral

Newcrest Mining Limited Presents at International Mining and Resources Conference, Nov-02-2022 through Nov-04-2022

2022-08-25 15:08:00

Newcrest Mining Limited Presents at International Mining and Resources Conference, Nov-02-2022 through Nov-04-2022. Venue: International Convention Centre, 14 Darling Dr, Sydney, Australia. Presentation Date & Speakers: Nov-02-2022, Sherry Leigh Duhe, Chief Financial Officer. Nov-03-2022, Tzila Katzel, Group Manager, Sustainability and Social Performance.

Positive

Newcrest Mining Limited, 0.29163 (AUD), Cash Dividend, Aug-26-2022

2022-08-19 00:00:00

Newcrest Mining Limited, 0.29163 (AUD), Cash Dividend, Aug-26-2022

Neutral

Tranche Update on Newcrest Mining Limited (ASX:NCM)'s Equity Buyback Plan announced on February 19, 2008.

2022-08-18 23:10:00

From January 1, 2022 to June 30, 2022, the company has repurchased 800,000 shares, representing 0.1% for AUD 19.51 million. With this, the company has completed the repurchase of 4,856,629 shares, representing 0.92% for AUD 147.91 million under the buyback announced on February 19, 2008.

Positive

Newcrest Mining Limited Announces Annual Mineral Resources & Ore Reserves Statement as at 30 June 2022

2022-08-18 22:45:00

Newcrest Mining Limited has updated its Mineral Resource and Ore Reserve estimates for the six-month period ending 30 June 2022. . The review has considered mining depletion, drilling results, studies, long-term metal prices, foreign exchange rates and cost assumptions, as well as mining and metallurgy performance to inform cut-off grades and physical mining parameters. This statement outlines Mineral Resource and Ore Reserve changes since the previous estimate for the period ending 31 December 2021. As at 30 June 2022, Group Ore Reserves are estimated to contain approximately 61 million ounces of gold, 11 million tonnes of copper, 29 million ounces of silver and 0.099 million tonnes of molybdenum. This represents decreases, predominantly as a result of mining depletion, of approximately 2 million ounces of gold (3%), 0.3 million tonnes of copper (3%), 1 million ounces of silver (6%) and 0.011 million tonnes of molybdenum (6%) compared with the estimate as at 31 December 2021. The Group Ore Reserve estimates as at 30 June 2022 are set out in Table 11 and Table 12 on a 100% basis. Tonnes are reported as dry metric tonnes. All Group Ore Reserves are classified as Probable Reserves except for 58 million tonnes of Lihir Stockpiles that are Proved Reserves. All tabulated tonnes, grade and metal information has been rounded to two significant figures to reflect appropriate precision in the estimate, and this may cause some apparent discrepancies in totals. A work program is in progress to assess and estimate Ore Reserves for the Brucejack asset to enable future reporting in accordance with the JORC Code. Feasibility Studies are progressing for Lihir Phase 14A, Havieron, Cadia PC 1-2 and Red Chris Block Cave. Outcomes of these studies will inform future Ore Reserves. The Group Ore Reserves as at 30 June 2022 includes the following changes as compared to 31 December 2021: · Estimated mining depletion of approximately 1.3 million ounces of gold, 0.1 million tonnes of copper, 0.5 million ounces of silver and minor molybdenum. Minor updates to price, cost and some technical input assumptions at Cadia and Telfer that delivered a slight decrease in Ore Reserves. Group Mineral Resources: As at 30 June 2022, Group Measured and Indicated Mineral Resources are estimated to contain approximately120 million ounces of gold, 25 million tonnes of copper, 100 million ounces of silver and 0.17 million tonnes of molybdenum. This represents no appreciable change compared to the estimate as at 31 December 2021. The Group Measured and Indicated Mineral Resources and Inferred Mineral Resources as at 30 June 2022 are set out in Table 5 to Table 10 on a 100% basis. The Measured and Indicated Mineral Resources are inclusive of those Mineral Resources modified to produce the Ore Reserves. Tonnes are reported as dry metric tonnes. All tabulated tonnes, grade and metal have been rounded to two significant figures to reflect appropriate precision in the estimates. This may cause some apparent discrepancies in totals. A work program is in progress to assess and estimate Mineral Resources for the Brucejack asset to enable future reporting in accordance with the JORC Code. The Group Measured and Indicated Mineral Resources as at 30 June 2022 includes the following changes as compared to 31 December 2021: · Estimated mining depletion of approximately 1.3 million ounces of gold, 0.1 million tonnes of copper, 0.5 million ounces of silver and minor molybdenum. Havieron updated estimate added 1.0 million ounces of gold and 0.04 million tonnes of copper. As at 30 June 2022, Group Inferred Mineral Resources 4 are estimated to contain approximately 21 million ounces of gold, 4.8 million tonnes of copper, 18 million ounces of silver and 0.012 million tonnes of molybdenum. This represents an increase of 1 million ounces of gold and no appreciable change for copper, silver or molybdenum compared with the estimate as at 31 December 2021. The Group Inferred Mineral Resources as at 30 June 2022 includes the following changes as compared to 31 December 2021: Havieron updated estimate added 0.9 million ounces of gold and 0.015 million tonnes of copper. Minor adjustments at Telfer due to model updates.

Neutral

Newcrest Mining Limited Provides Group Production Guidance for the Year Ending June 30, 2023

2022-08-18 22:42:00

Newcrest Mining Limited provided group production guidance for the year ending June 30, 2023. For the year, the company expects gold production to bein the range of 2,100 koz - 2,400 koz and copper production to be in the range of 135 kt - 155 kt.

Negative

Newcrest Mining Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2022, Payable on September 29, 2022

2022-08-18 22:41:00

Newcrest Mining Limited announced ordinary dividend of USD 0.20000000 for the six months ended June 30, 2022. The dividend is payable on September 29, 2022 with record date of August 29, 2022 and ex-date of August 26, 2022.

Positive

Headwater Gold and Newcrest Mining Sign Four Earn-In Exploration Agreements

2022-08-16 18:56:00

Headwater Gold Inc. announced that it has signed four separate definitive option and earn-in agreements with a wholly owned subsidiary of Newcrest Mining Limited (Newcrest). Pursuant to the Earn-in Agreements, Newcrest will have an option to acquire up to a 75% interest individually in each of Headwater's Mahogany Project in Oregon and Agate Point Project, Midas North Project and Spring Peak Project in Nevada (collectively, the "Projects") for cumulative earn-in exploration expenditures of USD 145,000,000 and the completion of Pre-Feasibility Studies which include a minimum resource of 1.5 million gold or gold equivalent ounces per Project. Additionally, Newcrest will acquire a 9.9% equity interest in the Company through a non-brokered private placement of common shares. Newcrest will sole fund a firm minimum commitment of USD 8,500,000 in exploration expenditures cumulatively between the four Projects, or pay the difference to Headwater; During the staged earn-in phase, Newcrest will have the right to earn up to a 65% interest individually in each of the four Projects by sole funding exploration expenditures (inclusive of the respective Minimum Commitment) of USD 55,000,000 on the Spring Peak Project, USD 30,000,000 on the Agate Point Project, USD 30,000,000 on the Mahogany Project, and USD 30,000,000 on the Midas North Project over a 6-year period; Newcrest retains the right to earn an additional 10% interest in each Project (for a total interest of 75% of each Project) by: ceding a 2% Net Smelter Return (NSR) royalty to Headwater in the case of the Agate Point, Mahogany and Midas North Projects, and a 1% NSR royalty in the case of the Spring Peak Project, subject to certain partial buydown rights; and (2) completing a Pre-Feasibility Study for such Project, solely funded by Newcrest and which includes a minimum 1.5 million ounce gold or gold-equivalent resource (per Project) within an additional 24-month period; Newcrest will, within 15 business days of signing of the Earn-in Agreements, reimburse certain Project costs previously incurred by Headwater through a cash payment totaling USD 612,989.

Positive

Headwater Gold Inc. announced that it expects to receive CAD 0.871424 million in funding from Newcrest Mining Limited

2022-08-12 00:00:00

Headwater Gold Inc. announced a non-brokered private placement of 5,446,397 common shares at a price of CAD 0.16 per share for gross proceeds of CAD 871,424 on August 12, 2022. The transaction included participation from Newcrest Mining Limited. All securities issued will be subject to a statutory hold period expiring four months and one day after closing of the transaction. Post-closing, the investor will own approximately 9.9% of the total issued and outstanding common Shares of the company on a non-diluted basis immediately following the transaction.

Neutral

Newcrest Mining Limited, 2022 Earnings Call, Aug 19, 2022

2022-07-28 02:29:00

Newcrest Mining Limited, 2022 Earnings Call, Aug 19, 2022

Neutral

International Mining and Resources Conference, International Mining and Resources Conference, Nov 02, 2022 through Nov 04, 2022

2022-06-30 16:18:00

International Mining and Resources Conference, International Mining and Resources Conference, Nov 02, 2022 through Nov 04, 2022. Venue: International Convention Centre, 14 Darling Dr, Sydney, Australia.

Neutral

International Mining and Resources Conference, International Mining and Resources Conference, Nov 02, 2022 through Nov 04, 2022

2022-06-30 16:18:00

International Mining and Resources Conference, International Mining and Resources Conference, Nov 02, 2022 through Nov 04, 2022. Venue: International Convention Centre, 14 Darling Dr, Sydney, Australia.

Neutral

Newcrest Mining Limited Presents at Diggers and Dealers Mining Forum 2022, Aug-01-2022 10:15 AM

2022-06-02 18:03:00

Newcrest Mining Limited Presents at Diggers and Dealers Mining Forum 2022, Aug-01-2022 10:15 AM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoorlie, Western Australia, Australia. Speakers: Fraser MacCorquodale, General Manager of Exploration.

Neutral

Newcrest Mining Limited Presents at Bank of America 2022 Global Metals, Mining and Steel Conference, May-17-2022 04:00 PM

2022-05-17 08:56:00

Newcrest Mining Limited Presents at Bank of America 2022 Global Metals, Mining and Steel Conference, May-17-2022 04:00 PM. Venue: Miami, Florida, United States. Speakers: Sandeep Biswas, MD, CEO & Director.

Neutral

Newcrest Mining Limited, Annual General Meeting, Nov 09, 2022

2022-03-25 03:31:00

Newcrest Mining Limited, Annual General Meeting, Nov 09, 2022, at 10:30 AUS Eastern Standard Time. Location: at The Pavilion, Arts Centre Melbourne 100 St Kilda Road, Melbourne Australia Agenda: To receive and consider the Company's financial report and the reports of the Directors and the Auditor for the year ended 30 June 2022; to consider Election and Re-Election of Directors; to consider Grant of Performance Rights to Managing Director and Chief Executive Officer; to consider Remuneration Report; and to consider the Non-Executive Directors' Fee Pool.

Neutral

Tranche Update on Newcrest Mining Limited (ASX:NCM)'s Equity Buyback Plan announced on February 19, 2008.

2022-02-17 08:33:00

From July 1, 2021 to December 31, 2021, the company has repurchased 300,000 shares, representing 0.04% for AUD 7.27 million. With this, the company has completed the repurchase of 4,056,629 shares, representing 0.82% for AUD 128.39 million under the buyback announced on February 19, 2008.

Neutral

Diggers and Dealers Mining Forum, Diggers and Dealers Mining Forum 2022, Aug 01, 2022 through Aug 03, 2022

2022-02-07 20:17:00

Diggers and Dealers Mining Forum, Diggers and Dealers Mining Forum 2022, Aug 01, 2022 through Aug 03, 2022. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoorlie, Western Australia, Australia.

Neutral

AME BC, 2021 AME Roundup Conference, Jan 31, 2022 through Feb 03, 2022

2022-01-28 00:00:00

AME BC, 2021 AME Roundup Conference, Jan 31, 2022 through Feb 03, 2022.

Neutral

Newcrest Mining Limited Provides Group Production Guidance for the Fiscal Year 2022

2022-01-27 22:19:00

Newcrest Mining Limited provided group production guidance for the fiscal year 2022. For the fiscal year, the company expects to report group production – gold in the range of 1,800 koz 2,000 koz, group production of copper in the range of 125 kt 130 kt.

Positive

Strategic Energy Resources Limited (ASX:SER) completed the acquisition of Three Exploration Licences EPM26439, EPM26440 And EPM26442 from Newcrest Mining Limited (ASX:NCM).

2021-12-31 00:00:00

Strategic Energy Resources Limited (ASX:SER) agreed to acquire Three Exploration Licences EPM26439, EPM26440 And EPM26442 from Newcrest Mining Limited (ASX:NCM) on May 4, 2021. Upon completion SER will commence land access negotiations. Newcrest will retain a First Right of Refusal to any future transaction on these licenses. Newcrest will receive 1% Net Smelter Royalty (NSR) capped at 10 years of production and access to technical data. Strategic Energy Resources Limited (ASX:SER) completed the acquisition of Three Exploration Licences EPM26439, EPM26440 And EPM26442 from Newcrest Mining Limited (ASX:NCM) in December 2021.

Neutral

Bank of America Corporation, Bank of America 2022 Global Metals, Mining and Steel Conference, May 17, 2022 through May 19, 2022

2021-12-22 06:08:00

Bank of America Corporation, Bank of America 2022 Global Metals, Mining and Steel Conference, May 17, 2022 through May 19, 2022. Venue: Miami, Florida, United States.

Positive

Newcrest Mining Limited Announces Cadia Receives Approval to Increase Processing Capacity

2021-12-13 23:53:00

Newcrest Mining Limited has received approval from the New South Wales Department of Planning, Industry & Environment (DPIE) for a modification to increase the permitted processing capacity of Cadia from 32Mtpa to 35Mtpa. As previously announced, the Newcrest Board approved progression to execution of a two-stage expansion of Cadia, including an increase in plant capacity to 35Mtpa. Execution of the works for both stages of the expansion are currently in progress, with completion expected in the September quarter of calendar year 2022. The modification also provides approval for Newcrest to repair the slumped section of the Northern Tailings Storage Facility (NTSF) at Cadia and revise the footprint of the NTSF and Southern Tailings Storage Facility to allow for a change from an upstream to a centreline lift design. The modification is subject to conditions including Newcrest commissioning an independent audit report to the satisfaction of the DPIE Secretary in relation to Newcrest's approach to managing and minimising the off-site air quality impacts of the project.

Negative

Newcrest Mining Limited Announces Retirement of Gerard Bond as Finance Director

2021-12-08 01:03:00

Newcrest Mining Limited announced that Mr. Gerard Bond has retired as Finance Director of Newcrest, following the close of Newcrest's Board meeting on December 8, 2021. As previously announced, Mr. Bond decided to leave Newcrest after 10 years in the role as Finance Director and Chief Financial Officer. Ms Sherry Duhe will replace Mr. Bond as Chief Financial Officer in early 2022, with current Group Treasurer Kim Kerr to be Acting Chief Financial Officer from December 9, 2021 to coincide with planned leave being taken by Mr. Bond.

Neutral

Newcrest Mining Limited, Board Meeting, Dec 08, 2021

2021-12-08 01:03:00

Newcrest Mining Limited, Board Meeting, Dec 08, 2021, at 12:00 AUS Eastern Standard Time. Agenda: To retire Gerard Bond as Finance Director.

Neutral

Newcrest Mining Limited Presents at Gold Forum Americas / XPL-DEV 2022, Sep-20-2022 01:40 PM

2021-12-07 12:03:00

Newcrest Mining Limited Presents at Gold Forum Americas / XPL-DEV 2022, Sep-20-2022 01:40 PM. Venue: Broadmoor Hotel, Colorado Springs, Colorado, United States. Speakers: Sandeep Biswas, MD, CEO & Director.

Neutral

The Denver Gold Group, Inc., Gold Forum Americas / XPL-DEV 2022, Sep 18, 2022 through Sep 21, 2022

2021-12-06 18:30:00

The Denver Gold Group, Inc., Gold Forum Americas / XPL-DEV 2022, Sep 18, 2022 through Sep 21, 2022. Venue: Broadmoor Hotel, Colorado Springs,, Colorado, United States.

Fundamental Summary

Newcrest published its Q2 report on 2021-08-18 with positive results, but no significant factors particularly remarkable relative to its peers. This typically translates into the stock performing on par with market performance for the upcoming quarter. Overall, Newcrest's growth, value, and income factors are trending positively, and we, therefore, give Newcrest an overall grade of 74 and a HOLD recommendation.

Newcrest reported earnings results for the full year ended June 30, 2022. For the full year, the company reported sales was USD 4,207 million compared to USD 4,576 million a year ago. Net income was USD 872 million compared to USD 1,164 million a year ago. Basic earnings per share from continuing operations was USD 1.034 compared to USD 1.425 a year ago. Diluted earnings per share from continuing operations was USD 1.031 compared to USD 1.421 a year ago.

Business Description

Newcrest, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and gold/copper concentrates. The company is also involved in the exploration and production of silver deposits. It primarily owns and operates mines and projects located in Cadia, Telfer, and Havieron, Australia; Lihir and Wafi-Golpu, Papua New Guinea; and Brucejack and Red Chris, Canada. Newcrest was founded in 1966 and is headquartered in Melbourne, Australia.

Sector Overview

Newcrest is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Newcrest's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 14.7B 0.0% 70
Liabilities 4.6B 0.0% 66
Price to Book 1.5 2.0% 58
Cash & Equivalents 1.9B 0.0% 72
Equity 10.1B 0.0% 77
EBITDA 2.4B 3.2% 62
Total Revenues 4.6B 3.1% 79
Parameter Value Change Score
Return on Equity 12.4 9.3% 62
Net Cashflow 422.0M -42.8% 76
Capital Expenditure -1.2B -8.3% 58
Asset Turnover 0.3 3.1% 64
Free Cashflow Per Share 1.3 3.7% 74
* All values are TTM

The below chart reflects Newcrest's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Newcrest's peer average final assessment score stands on 70, Newcrest's score is 74.

  •  NCM
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 230.5B 70 83 73
Buy
83
83 0 1
Fortescue Metals Group Limited 59.6B 67 67 76
Hold
70
70 1 1
South32 Limited 18.3B 76 74 82
Buy
83
83 2 1
Mineral Resources Limited 16.5B 59 62 59
Underperform
56
56 3 1
Pilbara Minerals Limited 14.0B 80 74 79
Buy
83
83 4 1
Northern Star Resources Limited 12.2B 59 57 74
Underperform
58
58 5 1
IGO Limited 11.7B 59 67 67
Hold
66
66 6 1
OZ Minerals Limited 9.2B 62 64 64
Hold
65
65 7 1
Allkem Limited 8.7B 74 72 84
Buy
81
81 8 1
BlueScope Steel Limited 8.0B 84 71 54
Hold
73
73 9 1
Lynas Rare Earths Limited 7.8B 85 72 77
Buy
83
83 10 1
Evolution Mining Limited 4.9B 49 71 74
Hold
67
67 11 1
Alumina Limited 4.4B 84 81 67
Buy
86
86 12 1
Iluka Resources Limited 4.3B 75 79 75
Buy
84
84 13 1
Liontown Resources Limited 4.3B 68 72 66
Hold
73
73 14 1
OZ Minerals Holdings Pty Ltd 4.0B 87 67 46
Hold
72
72 15 1
Andean Resources Ltd. 3.7B 85 93 42
Buy
80
80 16 1
Coronado Global Resources Inc. 3.5B 75 68 79
Hold
70
70 17 1
Perseus Mining Limited 3.0B 75 67 71
Hold
75
75 18 1
Zimplats Holdings Limited 2.8B 61 68 59
Hold
65
65 19 1
AVZ Minerals Limited 2.8B 92 68 59
Hold
77
77 20 1
Nickel Industries Limited 2.7B 57 61 69
Hold
63
63 21 1
Core Lithium Ltd 2.5B 56 67 65
Hold
65
65 22 1
Sims Limited 2.4B 81 71 74
Buy
80
80 23 1
Deterra Royalties Limited 2.4B 71 66 68
Hold
71
71 24 1
Sandfire Resources Limited 2.1B 59 61 61
Hold
61
61 25 1
De Grey Mining Limited 2.0B 42 47 74
Underperform
49
49 26 1
Chalice Mining Limited 2.0B 77 49 75
Hold
65
65 27 1
Sayona Mining Limited 2.0B 84 77 49
Hold
77
77 28 1
Gold Road Resources Limited 1.9B 71 62 64
Hold
67
67 29 1
Syrah Resources Limited 1.7B 88 64 63
Hold
75
75 30 1
Capricorn Metals Ltd 1.6B 79 71 84
Buy
83
83 31 1
Piedmont Lithium Inc. 1.5B 53 84 77
Hold
72
72 32 1
Regis Resources Limited 1.5B 74 47 77
Hold
63
63 33 1
Lake Resources NL 1.4B 76 80 67
Buy
82
82 34 1
ioneer Ltd 1.2B 53 69 61
Hold
63
63 35 1
West African Resources Limited 1.2B 84 70 61
Hold
77
77 36 1
Bellevue Gold Limited 1.2B 47 67 63
Underperform
60
60 37 1
Silver Lake Resources Limited 1.1B 66 65 56
Hold
61
61 38 1
Vulcan Steel Limited 1.1B 86 75 53
Hold
78
78 39 1
Vulcan Energy Resources Limited 1.0B 69 37 62
Underperform
50
50 40 1
Imdex Limited 963.2M 69 58 70
Hold
67
67 41 1
Argosy Minerals Limited 884.8M 77 75 55
Hold
76
76 42 1
Grange Resources Limited 879.6M 64 70 43
Hold
63
63 43 1
Tietto Minerals Limited 874.4M 67 72 68
Hold
72
72 44 1
Equigold NL 854.0M 50 62 86
Hold
64
64 45 1
Adriatic Metals PLC 823.2M 72 70 47
Hold
67
67 46 1
Arafura Rare Earths Limited 786.0M 59 79 68
Hold
75
75 47 1
Mincor Resources NL 768.5M 46 57 84
Hold
61
61 48 1
Perenti Limited 757.1M 73 72 66
Hold
76
76 49 1
Jervois Global Limited 747.4M 59 55 46
Underperform
42
42 50 1
Ramelius Resources Limited 745.8M 55 67 62
Underperform
60
60 51 1
5E Advanced Materials Inc. 682.5M 80 74 56
Hold
69
69 52 1
Boart Longyear Group Ltd. 680.6M 72 77 72
Buy
79
79 53 1
Emerald Resources NL 670.7M 80 74 85
Buy
85
85 54 1
Global Lithium Resources Limited 586.8M 68 75 67
Hold
75
75 55 1
Strandline Resources Limited 576.3M 68 75 67
Hold
75
75 56 1
Mount Gibson Iron Limited 558.6M 73 47 89
Hold
66
66 57 1
Neometals Ltd 552.7M 56 74 63
Hold
68
68 58 1
OM Holdings Limited 541.5M 59 84 69
Buy
78
78 59 1
Bowen Coking Coal Limited 530.9M 77 49 79
Hold
66
66 60 1
St Barbara Limited 494.0M 65 76 68
Hold
75
75 61 1
Talga Group Ltd 489.8M 45 49 69
Underperform
50
50 62 1
Centaurus Metals Limited 478.4M 86 66 49
Hold
70
70 63 1
Develop Global Limited 474.2M 78 66 71
Hold
75
75 64 1
Hastings Technology Metals Limited 466.2M 73 67 68
Hold
72
72 65 1
Red 5 Limited 446.9M 67 78 76
Buy
80
80 66 1
Champion Iron Limited 441.1M 78 64 56
Hold
61
61 67 1
Aquarius Platinum Limited 370.8M 61 74 66
Hold
66
66 68 1
Alkane Resources Limited 365.3M 82 63 70
Hold
74
74 69 1
Panoramic Resources Limited 358.9M 77 55 81
Hold
70
70 70 1
Westgold Resources Limited 355.2M 56 65 61
Underperform
58
58 71 1
Lotus Resources Limited 272.1M 67 72 68
Hold
72
72 72 1
Australian Strategic Materials Ltd 267.7M 62 40 48
Underperform
44
44 73 1
Firefinch Limited 236.2M 67 72 68
Hold
72
72 74 1
PYX Resources Limited 372.8M 76 69 59
Hold
70
70 75 1

Macro Environment

Neutral
77

Typically, the stock market in Australia will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Materials industry of which Newcrest Mining Limited is a part. As a result, we believe that the declining metals price may cloud the sector's shares in the near time future.

Negative declining metals price

Over the last month, there has been a drop in the price of common metals. This drop is expected to decrease the revenues of companies belonging to the materials industry sector - mainly metal producers and mining companies.

In considering the current macro environment and the risks that might affect Newcrest Mining Limited stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Newcrest Mining Limited macro environment with the score of 77.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Newcrest's stock is now priced above its 5-day and 50-day, but below its 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in both the short and medium-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Newcrest's stock indicates that it's likely oversold. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 68.

Neutral 68
Close Price 19.81
52W Low 15.76
52W High 28.84
5D MA 19.79
50D MA 17.95
200D MA 21.65
MACD 0.51
RSI 4.8
STOCH 84.3

Balance Sheet Analysis

While the critical metrics for Newcrest's balance sheet were not overwhelmingly positive, nonetheless, Newcrest's leadership seems to be consistently making smart decisions related to managing their balance sheet. Newcrest did a great job related to equity this period, which stood at 10.1B, representing a 0.0% change. Companies in the same sector and market capitalization will usually be affected by up to 4.3 percent by this parameter. This performance is significantly more impressive than its peers and competitors. Consequently, their equity movement received a grade of 77. Also, Newcrest did a great job related to cash and cash equivalents this period, which stood at 1.9B, representing a 0.0% change from the previous filing. Its impressive cash and cash equivalents metrics should support upward pressure on its's stock price. Therefore, its cash and cash equivalents movement earned a score of 72. On the other hand, Book Value Factors, jumped out as looking problematic. Newcrest publishes discouraging results related to book value factors in this report. As of the current filing, price to book ratio (P/B) was reported as 1.5, representing a 2.0% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 3.9%. The company's book value factors were lackluster and showed that management hasn't figured out how to overperform expectations. Consequently, their book value factors movement received a grade of 58. Therefore, we scored the company's balance sheet a 73.

Parameter Value Change Score
Assets 14.7B 0.0% 70
Liabilities 4.6B 0.0% 66
Price to Book 1.5 2.0% 58
Cash & Equivalents 1.9B 0.0% 72
Equity 10.1B 0.0% 77
* All values are TTM

The below chart describes Newcrest's performance as reflected on its balance sheet with respect to its peers. While Newcrest received a balance sheet score of 73, the average of its peers stands on 69.

  •  NCM
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 230.5B 90.0 76.0 44.0 82.0 82.0 70 0 1
Fortescue Metals Group Limited 59.6B 86.0 65.0 70.0 55.0 59.0 67 1 1
South32 Limited 18.3B 54.0 59.0 89.0 73.0 53.0 76 2 1
Mineral Resources Limited 16.5B 89.0 71.0 56.0 42.0 84.0 59 3 1
Pilbara Minerals Limited 14.0B 39.0 63.0 80.0 94.0 44.0 80 4 1
Northern Star Resources Limited 12.2B 86.0 68.0 55.0 48.0 66.0 59 5 1
IGO Limited 11.7B 47.0 50.0 76.0 56.0 58.0 59 6 1
OZ Minerals Limited 9.2B 70.0 69.0 63.0 59.0 60.0 62 7 1
Allkem Limited 8.7B 43.0 61.0 76.0 86.0 44.0 74 8 1
BlueScope Steel Limited 8.0B 64.0 77.0 85.0 90.0 72.0 84 9 1
Lynas Rare Earths Limited 7.8B 74.0 62.0 85.0 87.0 52.0 85 10 1
Evolution Mining Limited 4.9B 42.0 40.0 76.0 43.0 64.0 49 11 1
Alumina Limited 4.4B 76.0 91.0 63.0 90.0 69.0 84 12 1
Iluka Resources Limited 4.3B 49.0 68.0 75.0 84.0 48.0 75 13 1
Liontown Resources Limited 4.3B 37.0 63.0 55.0 93.0 70.0 68 14 1
OZ Minerals Holdings Pty Ltd 4.0B 77.0 59.0 54.0 97.0 86.0 87 15 1
Andean Resources Ltd. 3.7B 71.0 37.0 64.0 97.0 91.0 85 16 1
Coronado Global Resources Inc. 3.5B 50.0 76.0 55.0 91.0 86.0 75 17 1
Perseus Mining Limited 3.0B 59.0 61.0 74.0 85.0 50.0 75 18 1
Zimplats Holdings Limited 2.8B 52.0 62.0 70.0 59.0 64.0 61 19 1
AVZ Minerals Limited 2.8B 99.0 58.0 77.0 98.0 85.0 92 20 1
Nickel Industries Limited 2.7B 44.0 62.0 75.0 50.0 56.0 57 21 1
Core Lithium Ltd 2.5B 61.0 51.0 66.0 58.0 56.0 56 22 1
Sims Limited 2.4B 55.0 60.0 88.0 84.0 52.0 81 23 1
Deterra Royalties Limited 2.4B 80.0 62.0 81.0 61.0 50.0 71 24 1
Sandfire Resources Limited 2.1B 41.0 43.0 74.0 59.0 90.0 59 25 1
De Grey Mining Limited 2.0B 40.0 60.0 50.0 43.0 77.0 42 26 1
Chalice Mining Limited 2.0B 46.0 62.0 76.0 90.0 53.0 77 27 1
Sayona Mining Limited 2.0B 75.0 63.0 75.0 97.0 40.0 84 28 1
Gold Road Resources Limited 1.9B 70.0 58.0 74.0 74.0 48.0 71 29 1
Syrah Resources Limited 1.7B 85.0 64.0 80.0 94.0 52.0 88 30 1
Capricorn Metals Ltd 1.6B 57.0 66.0 74.0 91.0 44.0 79 31 1
Piedmont Lithium Inc. 1.5B 43.0 41.0 73.0 53.0 45.0 53 32 1
Regis Resources Limited 1.5B 72.0 68.0 66.0 78.0 77.0 74 33 1
Lake Resources NL 1.4B 37.0 62.0 76.0 92.0 49.0 76 34 1
ioneer Ltd 1.2B 37.0 56.0 60.0 61.0 70.0 53 35 1
West African Resources Limited 1.2B 92.0 71.0 83.0 77.0 51.0 84 36 1
Bellevue Gold Limited 1.2B 51.0 67.0 47.0 49.0 76.0 47 37 1
Silver Lake Resources Limited 1.1B 75.0 64.0 61.0 71.0 56.0 66 38 1
Vulcan Steel Limited 1.1B 70.0 63.0 86.0 89.0 50.0 86 39 1
Vulcan Energy Resources Limited 1.0B 39.0 60.0 73.0 79.0 59.0 69 40 1
Imdex Limited 963.2M 61.0 71.0 86.0 69.0 67.0 69 41 1
Argosy Minerals Limited 884.8M 71.0 62.0 76.0 85.0 40.0 77 42 1
Grange Resources Limited 879.6M 94.0 76.0 66.0 48.0 66.0 64 43 1
Tietto Minerals Limited 874.4M 77.0 73.0 57.0 64.0 73.0 67 44 1
Equigold NL 854.0M 61.0 47.0 82.0 50.0 46.0 50 45 1
Adriatic Metals PLC 823.2M 81.0 51.0 85.0 66.0 44.0 72 46 1
Arafura Rare Earths Limited 786.0M 74.0 72.0 49.0 62.0 80.0 59 47 1
Mincor Resources NL 768.5M 38.0 48.0 45.0 63.0 78.0 46 48 1
Perenti Limited 757.1M 55.0 65.0 71.0 81.0 67.0 73 49 1
Jervois Global Limited 747.4M 93.0 74.0 41.0 58.0 98.0 59 50 1
Ramelius Resources Limited 745.8M 70.0 40.0 73.0 48.0 50.0 55 51 1
5E Advanced Materials Inc. 682.5M 40.0 64.0 74.0 97.0 46.0 80 52 1
Boart Longyear Group Ltd. 680.6M 85.0 72.0 69.0 60.0 78.0 72 53 1
Emerald Resources NL 670.7M 57.0 63.0 76.0 92.0 49.0 80 54 1
Global Lithium Resources Limited 586.8M 77.0 74.0 62.0 66.0 71.0 68 55 1
Strandline Resources Limited 576.3M 77.0 74.0 62.0 66.0 71.0 68 56 1
Mount Gibson Iron Limited 558.6M 63.0 80.0 50.0 89.0 83.0 73 57 1
Neometals Ltd 552.7M 65.0 76.0 46.0 58.0 83.0 56 58 1
OM Holdings Limited 541.5M 96.0 79.0 49.0 48.0 92.0 59 59 1
Bowen Coking Coal Limited 530.9M 37.0 62.0 76.0 94.0 39.0 77 60 1
St Barbara Limited 494.0M 77.0 80.0 47.0 69.0 91.0 65 61 1
Talga Group Ltd 489.8M 67.0 78.0 41.0 41.0 83.0 45 62 1
Centaurus Metals Limited 478.4M 77.0 62.0 77.0 97.0 52.0 86 63 1
Develop Global Limited 474.2M 41.0 62.0 77.0 93.0 52.0 78 64 1
Hastings Technology Metals Limited 466.2M 40.0 59.0 70.0 90.0 60.0 73 65 1
Red 5 Limited 446.9M 43.0 61.0 51.0 91.0 87.0 67 66 1
Champion Iron Limited 441.1M 69.0 67.0 59.0 94.0 71.0 78 67 1
Aquarius Platinum Limited 370.8M 96.0 63.0 70.0 45.0 45.0 61 68 1
Alkane Resources Limited 365.3M 72.0 78.0 68.0 90.0 60.0 82 69 1
Panoramic Resources Limited 358.9M 49.0 66.0 69.0 90.0 71.0 77 70 1
Westgold Resources Limited 355.2M 79.0 63.0 54.0 47.0 76.0 56 71 1
Lotus Resources Limited 272.1M 77.0 73.0 57.0 64.0 73.0 67 72 1
Australian Strategic Materials Ltd 267.7M 55.0 61.0 58.0 69.0 80.0 62 73 1
Firefinch Limited 236.2M 77.0 73.0 57.0 64.0 73.0 67 74 1
PYX Resources Limited 372.8M 73.0 55.0 77.0 80.0 38.0 76 75 1

Income Statement Analysis

Taking a high-level look at Newcrest's income statement, it appears that management is going a fine job managing the Revenue Efficiency and EBITDA metrics that matter. Newcrest's financials reveal an interesting trend for their revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 21.9%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. As a result, its revenue efficiency earned a score of 79. On the other hand, EBITDA, jumped out as looking rather underwhelming. Newcrest's management didn't make significant improvements to their EBITDA this period. In terms of the raw numbers, EBITDA was reported as 2.4B, which represents a 3.2% change from the last period. This parameter could affect companies in the same industry and market capitalization by up to 17.1%. Their EBITDA metrics are even more problematic when compared to their peers. Its EBITDA movement, therefore, received a grade of 62. Its income statement received an overall score of 70.

Parameter Value Change Score
EBITDA 2.4B 3.2% 62
Total Revenues 4.6B 3.1% 79
Return on Equity 12.4 9.3% 62
* All values are TTM

The below chart describes Newcrest's performance as reflected on its income statement with respect to its peers. While Newcrest received a income statement score of 70 , the average of its peers stands on 67.

  •  NCM
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 230.5B 89.0 71.0 81.0 83 0 1
Fortescue Metals Group Limited 59.6B 58.0 78.0 75.0 67 1 1
South32 Limited 18.3B 43.0 95.0 95.0 74 2 1
Mineral Resources Limited 16.5B 94.0 42.0 44.0 62 3 1
Pilbara Minerals Limited 14.0B 37.0 98.0 97.0 74 4 1
Northern Star Resources Limited 12.2B 48.0 68.0 69.0 57 5 1
IGO Limited 11.7B 53.0 72.0 88.0 67 6 1
OZ Minerals Limited 9.2B 68.0 62.0 62.0 64 7 1
Allkem Limited 8.7B 37.0 97.0 95.0 72 8 1
BlueScope Steel Limited 8.0B 85.0 70.0 65.0 71 9 1
Lynas Rare Earths Limited 7.8B 40.0 95.0 92.0 72 10 1
Evolution Mining Limited 4.9B 53.0 82.0 84.0 71 11 1
Alumina Limited 4.4B 83.0 73.0 84.0 81 12 1
Iluka Resources Limited 4.3B 60.0 93.0 82.0 79 13 1
Liontown Resources Limited 4.3B 83.0 60.0 67.0 72 14 1
OZ Minerals Holdings Pty Ltd 4.0B 40.0 87.0 46.0 67 15 1
Andean Resources Ltd. 3.7B 37.0 90.0 92.0 93 16 1
Coronado Global Resources Inc. 3.5B 46.0 81.0 83.0 68 17 1
Perseus Mining Limited 3.0B 50.0 85.0 69.0 67 18 1
Zimplats Holdings Limited 2.8B 87.0 55.0 52.0 68 19 1
AVZ Minerals Limited 2.8B 87.0 65.0 43.0 68 20 1
Nickel Industries Limited 2.7B 42.0 78.0 73.0 61 21 1
Core Lithium Ltd 2.5B 83.0 55.0 58.0 67 22 1
Sims Limited 2.4B 50.0 85.0 84.0 71 23 1
Deterra Royalties Limited 2.4B 40.0 92.0 69.0 66 24 1
Sandfire Resources Limited 2.1B 69.0 61.0 48.0 61 25 1
De Grey Mining Limited 2.0B 46.0 54.0 50.0 47 26 1
Chalice Mining Limited 2.0B 38.0 63.0 58.0 49 27 1
Sayona Mining Limited 2.0B 99.0 60.0 54.0 77 28 1
Gold Road Resources Limited 1.9B 64.0 64.0 54.0 62 29 1
Syrah Resources Limited 1.7B 38.0 81.0 88.0 64 30 1
Capricorn Metals Ltd 1.6B 38.0 94.0 92.0 71 31 1
Piedmont Lithium Inc. 1.5B 77.0 87.0 75.0 84 32 1
Regis Resources Limited 1.5B 58.0 46.0 39.0 47 33 1
Lake Resources NL 1.4B 83.0 70.0 85.0 80 34 1
ioneer Ltd 1.2B 83.0 51.0 72.0 69 35 1
West African Resources Limited 1.2B 66.0 74.0 67.0 70 36 1
Bellevue Gold Limited 1.2B 83.0 55.0 54.0 67 37 1
Silver Lake Resources Limited 1.1B 95.0 43.0 40.0 65 38 1
Vulcan Steel Limited 1.1B 54.0 86.0 92.0 75 39 1
Vulcan Energy Resources Limited 1.0B 37.0 39.0 54.0 37 40 1
Imdex Limited 963.2M 75.0 63.0 57.0 58 41 1
Argosy Minerals Limited 884.8M 86.0 57.0 84.0 75 42 1
Grange Resources Limited 879.6M 96.0 50.0 50.0 70 43 1
Tietto Minerals Limited 874.4M 87.0 62.0 66.0 72 44 1
Equigold NL 854.0M 79.0 42.0 90.0 62 45 1
Adriatic Metals PLC 823.2M 83.0 55.0 69.0 70 46 1
Arafura Rare Earths Limited 786.0M 92.0 66.0 69.0 79 47 1
Mincor Resources NL 768.5M 37.0 75.0 72.0 57 48 1
Perenti Limited 757.1M 63.0 77.0 80.0 72 49 1
Jervois Global Limited 747.4M 40.0 77.0 38.0 55 50 1
Ramelius Resources Limited 745.8M 94.0 52.0 50.0 67 51 1
5E Advanced Materials Inc. 682.5M 77.0 58.0 93.0 74 52 1
Boart Longyear Group Ltd. 680.6M 81.0 76.0 77.0 77 53 1
Emerald Resources NL 670.7M 37.0 98.0 98.0 74 54 1
Global Lithium Resources Limited 586.8M 83.0 66.0 69.0 75 55 1
Strandline Resources Limited 576.3M 83.0 66.0 69.0 75 56 1
Mount Gibson Iron Limited 558.6M 41.0 50.0 69.0 47 57 1
Neometals Ltd 552.7M 83.0 62.0 72.0 74 58 1
OM Holdings Limited 541.5M 97.0 63.0 88.0 84 59 1
Bowen Coking Coal Limited 530.9M 37.0 66.0 55.0 49 60 1
St Barbara Limited 494.0M 89.0 57.0 80.0 76 61 1
Talga Group Ltd 489.8M 37.0 59.0 68.0 49 62 1
Centaurus Metals Limited 478.4M 83.0 41.0 82.0 66 63 1
Develop Global Limited 474.2M 37.0 82.0 95.0 66 64 1
Hastings Technology Metals Limited 466.2M 83.0 47.0 71.0 67 65 1
Red 5 Limited 446.9M 71.0 91.0 59.0 78 66 1
Champion Iron Limited 441.1M 86.0 46.0 47.0 64 67 1
Aquarius Platinum Limited 370.8M 87.0 67.0 70.0 74 68 1
Alkane Resources Limited 365.3M 51.0 76.0 64.0 63 69 1
Panoramic Resources Limited 358.9M 37.0 59.0 97.0 55 70 1
Westgold Resources Limited 355.2M 84.0 61.0 44.0 65 71 1
Lotus Resources Limited 272.1M 87.0 62.0 66.0 72 72 1
Australian Strategic Materials Ltd 267.7M 49.0 38.0 44.0 40 73 1
Firefinch Limited 236.2M 87.0 62.0 66.0 72 74 1
PYX Resources Limited 372.8M 55.0 83.0 84.0 69 75 1

Cash Flow Analysis

While overall, Newcrest's cash flow metrics were good, two metrics jumped up as significant positive drivers of the cash flow's strength in Newcrest's recent report: Net Cash Flow and Free Cash flow. Newcrest's management was effective in improving their net cash flow, which now sits at 422.0M and represents a -42.8% change from the previous report. Their net cash flow metrics are especially remarkable relative to their peers. Hence, its net cash flow earned a score of 76. Also, Newcrest's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. Newcrest recorded free cash flow of 1.3, which represents a 3.7% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 3.2%. These free cash flow numbers show that management has executed well while generating cash flow and encouraging growth. Consequently, their free cash flow movement received a grade of 74. That said, one metric, Capital Expenditure, stood out as particularly concerning. Newcrest's published capital expenditures (CapEx) numbers were discouraging and reflected management's unbalanced growth strategy. Newcrest recorded CapEx of -1.2B, which represents a -8.3% change from the previous report. They appears to be headed in the wrong direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. Therefore, their CapEx movement component earned a score of 58. their cash flow, therefore, earned a score of 72.

Parameter Value Change Score
Net Cashflow 422.0M -42.8% 76
Capital Expenditure -1.2B -8.3% 58
Asset Turnover 0.3 3.1% 64
Free Cashflow Per Share 1.3 3.7% 74
* All values are TTM

The below chart describes Newcrest's performance as reflected on its cash flow with respect to its peers. While Newcrest received a cash flow score of 72, the average of its peers stands on 67.

  •  NCM
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 230.5B 70.0 74.0 85.0 67.0 73 0 1
Fortescue Metals Group Limited 59.6B 75.0 78.0 69.0 74.0 76 1 1
South32 Limited 18.3B 79.0 84.0 61.0 87.0 82 2 1
Mineral Resources Limited 16.5B 58.0 69.0 53.0 62.0 59 3 1
Pilbara Minerals Limited 14.0B 74.0 95.0 74.0 75.0 79 4 1
Northern Star Resources Limited 12.2B 72.0 58.0 54.0 90.0 74 5 1
IGO Limited 11.7B 63.0 62.0 79.0 69.0 67 6 1
OZ Minerals Limited 9.2B 71.0 57.0 60.0 61.0 64 7 1
Allkem Limited 8.7B 77.0 85.0 74.0 88.0 84 8 1
BlueScope Steel Limited 8.0B 50.0 47.0 55.0 71.0 54 9 1
Lynas Rare Earths Limited 7.8B 75.0 84.0 74.0 73.0 77 10 1
Evolution Mining Limited 4.9B 77.0 64.0 53.0 80.0 74 11 1
Alumina Limited 4.4B 70.0 84.0 74.0 52.0 67 12 1
Iluka Resources Limited 4.3B 72.0 83.0 74.0 71.0 75 13 1
Liontown Resources Limited 4.3B 60.0 59.0 74.0 77.0 66 14 1
OZ Minerals Holdings Pty Ltd 4.0B 46.0 49.0 83.0 39.0 46 15 1
Andean Resources Ltd. 3.7B 42.0 54.0 56.0 37.0 42 16 1
Coronado Global Resources Inc. 3.5B 74.0 83.0 43.0 89.0 79 17 1
Perseus Mining Limited 3.0B 71.0 80.0 85.0 56.0 71 18 1
Zimplats Holdings Limited 2.8B 65.0 58.0 46.0 63.0 59 19 1
AVZ Minerals Limited 2.8B 66.0 69.0 75.0 37.0 59 20 1
Nickel Industries Limited 2.7B 56.0 69.0 74.0 88.0 69 21 1
Core Lithium Ltd 2.5B 63.0 49.0 74.0 73.0 65 22 1
Sims Limited 2.4B 76.0 89.0 51.0 72.0 74 23 1
Deterra Royalties Limited 2.4B 73.0 75.0 74.0 52.0 68 24 1
Sandfire Resources Limited 2.1B 71.0 53.0 46.0 61.0 61 25 1
De Grey Mining Limited 2.0B 71.0 61.0 52.0 94.0 74 26 1
Chalice Mining Limited 2.0B 64.0 74.0 95.0 78.0 75 27 1
Sayona Mining Limited 2.0B 51.0 69.0 74.0 37.0 49 28 1
Gold Road Resources Limited 1.9B 66.0 64.0 79.0 55.0 64 29 1
Syrah Resources Limited 1.7B 59.0 49.0 74.0 73.0 63 30 1
Capricorn Metals Ltd 1.6B 76.0 90.0 92.0 79.0 84 31 1
Piedmont Lithium Inc. 1.5B 70.0 75.0 65.0 80.0 77 32 1
Regis Resources Limited 1.5B 74.0 87.0 95.0 60.0 77 33 1
Lake Resources NL 1.4B 59.0 69.0 74.0 75.0 67 34 1
ioneer Ltd 1.2B 54.0 63.0 61.0 77.0 61 35 1
West African Resources Limited 1.2B 65.0 63.0 63.0 59.0 61 36 1
Bellevue Gold Limited 1.2B 62.0 58.0 54.0 76.0 63 37 1
Silver Lake Resources Limited 1.1B 60.0 53.0 63.0 46.0 56 38 1
Vulcan Steel Limited 1.1B 48.0 69.0 49.0 67.0 53 39 1
Vulcan Energy Resources Limited 1.0B 51.0 58.0 43.0 96.0 62 40 1
Imdex Limited 963.2M 70.0 70.0 52.0 76.0 70 41 1
Argosy Minerals Limited 884.8M 62.0 64.0 74.0 38.0 55 42 1
Grange Resources Limited 879.6M 52.0 53.0 43.0 42.0 43 43 1
Tietto Minerals Limited 874.4M 69.0 69.0 75.0 60.0 68 44 1
Equigold NL 854.0M 90.0 66.0 71.0 83.0 86 45 1
Adriatic Metals PLC 823.2M 53.0 50.0 39.0 55.0 47 46 1
Arafura Rare Earths Limited 786.0M 67.0 73.0 79.0 60.0 68 47 1
Mincor Resources NL 768.5M 75.0 69.0 74.0 98.0 84 48 1
Perenti Limited 757.1M 73.0 48.0 43.0 77.0 66 49 1
Jervois Global Limited 747.4M 53.0 55.0 43.0 39.0 46 50 1
Ramelius Resources Limited 745.8M 62.0 56.0 80.0 57.0 62 51 1
5E Advanced Materials Inc. 682.5M 58.0 61.0 45.0 56.0 56 52 1
Boart Longyear Group Ltd. 680.6M 72.0 76.0 75.0 63.0 72 53 1
Emerald Resources NL 670.7M 79.0 90.0 94.0 75.0 85 54 1
Global Lithium Resources Limited 586.8M 67.0 69.0 74.0 63.0 67 55 1
Strandline Resources Limited 576.3M 67.0 69.0 74.0 63.0 67 56 1
Mount Gibson Iron Limited 558.6M 81.0 79.0 87.0 93.0 89 57 1
Neometals Ltd 552.7M 59.0 50.0 74.0 74.0 63 58 1
OM Holdings Limited 541.5M 72.0 66.0 74.0 63.0 69 59 1
Bowen Coking Coal Limited 530.9M 67.0 69.0 74.0 99.0 79 60 1
St Barbara Limited 494.0M 62.0 69.0 69.0 77.0 68 61 1
Talga Group Ltd 489.8M 62.0 61.0 46.0 97.0 69 62 1
Centaurus Metals Limited 478.4M 51.0 61.0 52.0 52.0 49 63 1
Develop Global Limited 474.2M 68.0 69.0 74.0 74.0 71 64 1
Hastings Technology Metals Limited 466.2M 61.0 69.0 74.0 75.0 68 65 1
Red 5 Limited 446.9M 77.0 81.0 92.0 58.0 76 66 1
Champion Iron Limited 441.1M 55.0 44.0 89.0 43.0 56 67 1
Aquarius Platinum Limited 370.8M 57.0 64.0 93.0 63.0 66 68 1
Alkane Resources Limited 365.3M 63.0 88.0 82.0 64.0 70 69 1
Panoramic Resources Limited 358.9M 78.0 81.0 45.0 96.0 81 70 1
Westgold Resources Limited 355.2M 58.0 69.0 70.0 59.0 61 71 1
Lotus Resources Limited 272.1M 69.0 69.0 75.0 60.0 68 72 1
Australian Strategic Materials Ltd 267.7M 48.0 54.0 43.0 61.0 48 73 1
Firefinch Limited 236.2M 69.0 69.0 75.0 60.0 68 74 1
PYX Resources Limited 372.8M 68.0 77.0 59.0 38.0 59 75 1

This report, prepared and provided by Deshe Labs Ltd ("Deshe"), is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used, construed, or considered as financial or investment advice, an offer, a solicitation of any offer, a recommendation, or an offer to invest in, sell or buy the securities mentioned in this report or other form of a financial asset or as a marketing communication under FCA Rules. For the full disclaimer, click here.