Australia’s Newcrest Mining joins the ranks of Barrick Gold Corp in losing out on the global gold market.
Via Reuters: “Newcrest and its peers have all been hammered by a 26 percent plunge in gold prices this year, and been forced to book huge writedowns, slow expansion projects and slash costs. Canadian rival Barrick Gold Corp last week announced the biggest writedowns in the gold industry at $8.7 billion.
“The Australian gold miner reiterated it would focus on slashing costs and boosting production from its lowest cost mines, as it looks to shore up cashflow and fend off another downgrade in its credit rating.”
Indian silver saw the biggest upwards shift for the day on our price index, rising 7.1 percent on Friday, August 9.
After a 3.4 percent shift up, US silver made one of the day’s biggest improvements. Another of the day’s biggest movers was Chinese silver which rose 3.2 percent. The price of Japanese silver finished the market day up 2.5 percent per 10 grams.
The price of US gold bullion increased 1.9 percent. After a 1.6 percent increase, Japanese gold bullion finished the day higher. The price of Indian gold bullion declined 1.2 percent. Chinese gold bullion prices inched up 0.8 percent.
The price of Japanese platinum bar jumped 3.6 percent. US platinum bar made a large daily increase of 3.6 percent. Chinese platinum bar gained 2.3 percent.
US palladium bar prices rose 1.9 percent. Chinese palladium bar finished the day up 1.9 percent. Japanese palladium bar saw its price rise 1.4 percent.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Polski
- Português (Portugal)
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Newcrest Mining Loses Big, Gold, Silver Prices Up
Published 08/13/2013, 02:36 AM
Updated 07/09/2023, 06:31 AM
Newcrest Mining Loses Big, Gold, Silver Prices Up
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.