Newcrest Mining Limited - Quarterly Report for the Three Months Ended 30 June 2021
Strong June Quarter delivers FY21 guidance and quarterly records
Creating a brighter future for people through safe and responsible mining
Goal of net zero carbon emissions by 2050
(1)
(2) underpinned by a 27% improvement in TRIFR
(3) in the June 2021 quarter
Achieved FY21 production guidance, with Cadia exceeding the top end of its guidance range
(
(5) and copper production of 38kt
All-In Sustaining Cost (AISC) of $797/oz
(
(6)
Cadia recorded its lowest reported quarterly AISC of negative $377/oz
Red Chris recorded its lowest reported quarterly AISC of $651/oz
FY21 AISC of $905/oz, delivering an AISC margin of 49% or $884/oz
Image source: Getty Images
It’s been more than an interesting year on the charts for the Newcrest Mining Ltd (ASX: NCM) share price, which stand on the podium as one of the world’s largest gold producers.
The Newcrest Mining share price has taken a nosedive over the previous 12 months, sliding 23% into the red, over this time period.
Let’s dive in and see what happened to the Australian gold mining magnate.
The gradual walk down south from 2020
Turbulence in Newcrest’s share price was first observed back at the beginning of August 2020.
Newcrest shares begun to slide firmly into the red from 6 August, and although there was no market sensitive information for the company on that day, a week earlier the company did release its quarterly report.
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Newcrest Mining Limited: NCM - Senior Management Announcement - Finance Director & CFO to Retire
Melbourne, Australia (Newsfile Corp. - May 5, 2021) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) announces that Gerard Bond, the Company s Finance Director and Chief Financial Officer, has decided to retire effective 3 January 2022 when he will mark 10 years in the role.
Mr Bond said, It has been an honour and privilege to serve as the Finance Director and CFO over the past decade and be part of the transformation of the Company . Today, Newcrest has a clear purpose, a clear strategy and an exceptionally strong balance sheet. The Company is well positioned to fund its pipeline of organic growth opportunities and deliver strong returns to shareholders, said Mr Bond.