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NCM - Newcrest Mining News Story

A$30.58 0.8  2.6%

Last Trade - 29/05/20

Sector
Basic Materials
Size
Large Cap
Market Cap £12.64bn
Enterprise Value £13.79bn
Revenue £3.09bn
Position in Universe 19th / 1842

BUZZ-Australian gold stocks set for best week in near 8 months on virus concerns

Fri 6th March, 2020 2:37am
** Australian gold stocks  .AXGD  rise as much as 3.4% to
7,295.6, their highest since Feb 28
    ** Gold prices inch higher on Friday, poised for their
biggest weekly gain since Oct 2011 as investors scurry to
safe-haven assets on mounting worries of economic fallout from
the coronavirus outbreak  GOL/ 
    ** Index heavyweights Newcrest Mining  NCM.AX  and Northern
Star Resources  NST.AX  jump as much as 3.3% and 3.9%,
respectively
    ** Gold sub-index set for fourth straight session higher; on
track to add 8% for the week, its biggest weekly gain since July
19, 2019
    ** NCM set for weekly gain of 10.8%, its biggest in over a
year
    ** Saracen Mineral Holdings  SAR.AX  among top gainers on
gold index, advances as much as 5.2%    
    ** Gold stocks have risen 3% this year, as of last close,
compared with a 4.3% decline in the ASX 200 benchmark index
 .AXJO 

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))
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