Newcrest Mining (NCM) FY15 Results

Bell Potter


Newcrest's underlying NPAT of $515m primarily reflects increased contribution from the ramp-up of higher margin production at Cadia East together with the positive net impact on AUD revenue of the weakening AUD against the USD during FY15. The all-In Sustaining Cost was 12% lower to USD 789 per ounce (4% lower to AUD 941 per ounce) and the Net cash flow from operating activities was up 53% to 1589m. Read the full summary here: (VIEW LINK)

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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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