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NCMGF - Newcrest Mining: Digging Into The Q3 Results
Newcrest Mining Ltd Ord
We're more than two-thirds of the way through the Q1 earnings season for the Gold Miners Index (GDX), and it's been a satisfactory start to the year, except for most Australian gold miners, like Saracen Mineral Holdings (SCEXF) and Silver Lake Resources (SVLKF), that have over-delivered massively. Unfortunately, Newcrest Mining (NCMGF) is one Australian miner that's seen sub-par showing in FY-2020, with the Q3 results tracking quite a bit below FY-2020 guidance. It's worth noting that this guidance was already revised lower by over 200,000 ounces earlier in the year, from 2.45 million