Newcrest Mining reports FY earnings; sees FY23 gold production of 2100koz -2400 koz

Aug. 19, 2022 12:40 AM ETNewcrest Mining Limited (NCMGF), NCMGY, NCM:CABy: Meghavi Singh, SA News Editor
  • Newcrest Mining press release (OTCPK:NCMGF): FY GAAP EPS of $1.03.
  • Revenue of $4.21B (-7.9% Y/Y) misses by $40M.
  • Immediate production and financial contribution with Brucejack delivering an EBITDA of $109M and free cash flow of $88M in the four-month ownership period.
  • Synergy expectations raised to C$20-30 million (~US$16-24 million) per annum with further opportunities being pursued.
  • The production guidance for FY23 assumes no COVID-19 related interruptions. The AISC expenditure guidance for FY23 includes: ~6%-8% of inflationary impacts to operating costs.
  • FY23 gold production of 2,100 - 2,400 koz; Copper production of 135 - 155 kt; Total Capital Expenditure of 1,420M - 1,630M.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.