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Costs May Be a Bad Surprise for Newcrest Investors -- Market Talk

7 Jan 2018 11:55 pm

2355 GMT - Watch out for potential sticker shock on Newcrest Mining's cash costs after output at the company's Cadia mine in eastern Australia was disrupted by an April quake, says RBC. Full production rates there aren't expected until 3Q even though ongoing remediation work is nearly complete. "We are cautious given the Cadia disruptions, but look ahead to the expansion and ongoing recovery at Lihir," notes the investment bank, which rates shares a sector perform as RBC expects Newcrest to trade in line with gold prices. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 07, 2018 18:55 ET (23:55 GMT)

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