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NCMGF - Newcrest Mining: A Look At The FY2020 Results
Newcrest Mining Ltd Ord
It's been a strong start to the Q2 earnings season for the Gold Miners Index (GDX), and while we've seen quite a few misses on production guidance, the higher gold price (GLD) has picked up any of the slack. The most recent name to report earnings is Newcrest Mining (NCMGF), and the company had a decent finish to FY2020 but still managed to post a massive miss on FY2020 production guidance. The senior gold producer reported annual gold production of 2.17 million ounces vs. a prior outlook of 2.45