Shares of Newcrest Up Despite Poor Gold Production

By International Business Times,  July 25, 2012, 11:13:45 PM EDT

Shares of Newcrest Mining Ltd., one of Australia's largest gold producer and a global top 10 gold mining company, have jumped during early Tuesday trading despite reporting poor gold output in the last full financial year.

As of 1024 AEST, stocks of Newcrest Mining Ltd. grew 4.56 per cent to $23.16 against a benchmark index rise of 0.14 per cent, the Business Spectator reported.

The miner's full gold production in the last financial year dropped to 2,285,917 ounces, representing a 15.4 per cent dive from 2,701,918 in the previous corresponding period. This development, however, was in line with the company's earlier production forecasts.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

Daily Dividend Report: UMPQ, SJT, CRT, AVIV, SPAN
Daily Dividend Report: UMPQ, SJT, C...
Daily Dividend Report: HAL, NOV, ESV, WLK, CSC
Daily Dividend Report: HAL, NOV, ES...
Monday 5/20 Insider Buying Report: LPSN, FTEK
Monday 5/20 Insider Buying Report: ...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.52 0.09  0.67%
RAD $ 2.9099 0.12  4.30%
WCRX $ 19.675 0.47  2.42%
CSCO $ 23.885 0.36  1.46%
SIRI $ 3.50 unch
MSFT $ 34.9185 0.05  0.14%
FB $ 25.767 0.48  1.84%
AMD $ 4.13 0.06  1.47%