NCM 3.58% $29.09 newcrest mining limited


  1. 22,691 Posts.
    Newcrest hedges extra copper

    Monday, July 05, 2004
    NEWCREST Mining has simplified its hedging book to provide greater revenue certainty, eliminating its entire foreign currency book and adding in extra copper hedging, without any cash outlay.

    The restructure also eliminates all contingent products in the gold book.

    The gold producer's hedgebook now consists of a series of Australian dollar forwards and a series of US dollar forwards. The gold loan remains in place.

    Hedging is now in place on Newcrest's copper by-products for the 2004-05 and 2005-06 fiscal years. The new copper hedging covers 97,008 tonnes of 2005 production and 58,100 tonnes of 2006 production and was achieved at $1.72 per pound for 2005, and $1.56 per pound for 2006.

    The company now has a total of 7.2 million ounces hedged to a date of 2011.

watchlist Created with Sketch. Add NCM (ASX) to my watchlist
(20min delay)
Mkt cap ! $22.36B
Open High Low Value Volume
$30.90 $30.95 $28.97 $147.0M 4.979M

Buyers (Bids)

No. Vol. Price($)
1 7497 $29.09

Sellers (Offers)

Price($) Vol. No.
$29.10 10000 1
View Market Depth
Last trade - 16.10pm 25/02/2020 (20 minute delay) ?
-1.080 ( 3.32 %)
Open High Low Volume
$30.88 $30.95 $28.98 628227
Last updated 15.59pm 25/02/2020 (live) ?
NCM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.