With shares in Newcrest Mining Ltd [ASX:NCM] almost touching $39 this past week, long-term investors must be patting themselves on the back. With a strengthening gold price, and a laser-like focus on streamlining operations...
Tech sector down, gold miners up - that's the theme today as the US-China trade war boils over.
The latest news out of the company is that it has produced its first gold bars from its Gruyere project. Targeting production of up to 100,000 ounces this year, the share price of Gold Road Resources Ltd [ASX:GOR] is up 7.54%, trading at $1.07.
The latest news impacting the Newcrest share price centres around comments by Papua New Guinea’s treasurer about LNG and mining companies paying more to extract resources from the country.
Today, the price of gold skyrocketed. Combine this with a weaker Aussie dollar and the attractiveness of Australian gold miners is looking more positive for investors.We saw that as the share price for Australia’s biggest gold company Newcrest Mining Ltd [ASX:NCM] hit a 52-week high of $32.06, up 0.80%.
The gold price broke through AU$2,000 today. We take a look at the factors that drove this spike and two gold stocks.
Newcrest Mining Ltd [ASX:NCM] has increased slightly by 1.44%, this morning. They sit on a market cap of $15.071 billion, while trading at $19.66 a share. Newcrest mining was founded in 1966. They sell a variety of copper and gold while specialising in mining development and exploration. Why the increase? Find out...