Gold came roaring back this week, retracing about half of the losses it sustained on April 15.
Articles Tagged "ASX:NCM"
Reuters reported that Newcrest Mining Ltd. (ASX:NCM) plans to spend AU$5 billion in order to increase gold production by 1 million ounces in the next five years. Other major mining companies, such as Barrick Gold Corp. (TSX:ABX), are aiming for similar production increases.
Bloomberg reported that Newcrest Mining (ASX:NCM) said it will triple gold output from the Ivory Coast-based Bonikro project over five years.
Mining Weekly reported that Newcrest (ASX:NCM) increased its gold production by about 3%.
Sydney Morning Herald reported that Newcrest Mining's (ASX:NCM) shares fell after news its gold grades were diminishing.
IBTimes reported that Newcrest Mining (ASX:NCM) slashed its 2011 gold output forecast, citing lower production.
Bloomberg reported that heavy rain and temporary shutdowns caused Newcrest Mining's (ASX:NCM) gold output to decline 13%.
Bloomberg reported that Newcrest Mining (ASX:NCM) said it needs to increase production at its West African Bonikro mine.
Recognizing the high quality of international gold knowledge and global investing pedigree that is available, this week’s profile has turned its focus to the British based BlackRock World Gold Fund (MUTF:BWGAX). Since its inception date of December of 1994, the fund has achieved numerous awards globally for its performance.
Bloomberg reported that forced mine shutdowns due to weather conditions have forced Newcrest (ASX:NCM) to cut its production forecast.