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NCM - Newcrest Mining News Story

A$30.02 -0.7  -2.3%

Last Trade - 7:10am

Sector
Basic Materials
Size
Large Cap
Market Cap £12.83bn
Enterprise Value £13.96bn
Revenue £3.04bn
Position in Universe 20th / 1839

BUZZ-Australia's gold stocks hit near 2-week high on firm bullion prices overnight

Tue 7th April, 2020 2:59am
** Australia's gold stocks  .AXGD  rise as much as 6.1% to
their highest since March 25
    ** Gold prices jumped more than 2% overnight on hopes of
global stimulus measures to counter the economic damage caused
by the novel coronavirus outbreak  GOL/ 
    ** Spot gold  XAU=  down 0.2% to $1,657.67 per ounce in
early trade
    ** Sector heavyweight Newcrest Mining Ltd  NCM.AX  gains up
to 6.9% to a near one-month high, while peer Evolution Mining
Ltd  EVN.AX  adds 5.3% 
    ** West African Resources Ltd  WAF.AX  and Northern Star
Resources Ltd  NST.AX  among the top gainers on the sub-index,
advancing as much as 13.1% and 9.2%, respectively
    ** Sub-index down 8% this year, as of last close, compared
with a 20.1% decline in the benchmark ASX 200 index  .AXJO 

 (Reporting by Niyati Shetty in Bengaluru)
 ((Niyati.N.Shetty@thomsonreuters.com; +918061822793;))
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