First Impression: Newcrest Mining (NCM) 1H17

Bell Potter

All-In Sustaining Cost (AISC) steady US$770 per ounce. | Net cash flow from operating activities up 64% to US$601m. | Outlook: Group production guidance - gold 2,350-2,600 koz. Copper~80 – 90 kt. Capex US$545-645m. | Today’s share price reaction: Up 1.5% to $22.87 (11.45 am).


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