The Australian share market, or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index, is expected to open lower on Tuesday morning, according to the Sydney Futures Exchange.
Here’s what you need to know:
SFE ASX 200 futures: -27
Australian Dollar ($A) (AUDUSD): 80.95 US cents
Dow Jones: down 0.7%
Oil (WTI): $US65.52 per barrel
Gold: $US1,341 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed up 1.1% and 1.9%, respectively.
Australian Investing News
This morning, a number of Australian mining companies released their latest quarterly reports to investors.
Newcrest Mining Limited (ASX: NCM), the ASX’s largest gold mining company, reported gold production of 613,000 ounces, up 17% on the previous quarter. Copper production came in 34% higher at 22,000 tonnes.
“Newcrest has delivered a significantly improved quarter with all but one of our operations producing more ounces than the previous quarter,” Newcrest CEO, Sandeep Biswas, said. “I am particularly pleased with Cadia’s strong quarter-on-quarter production increase and record low quarterly AISC per ounce.”
The $4.7 billion Evolution Mining Ltd (ASX: EVN) reported gold production of 186,488 ounces, at an all-in sustaining cost (the total cost to produce its gold) (“AISC”) of $784 per ounce. Evolution said it is on track to “comfortably deliver FY18 Group guidance” of between 705,000 and 805,000 ounces.
Sandfire Resources NL (ASX: SFR), a large copper and gold producer from Perth, reported quarterly copper production of 16,262 tonnes and gold production of 8,130 ounces. Sandfire maintained its 2018 copper and gold production targets.
Impedimed Limited (ASX: IPD), a $360 million medical technology company, filed its quarterly cash flow report with the ASX. Impedimed reported revenue of $1.1 million and a net operating cash outflow of $5.6 million.
Reflecting on the quarter, CEO Richard Carreon said, “The 510(k) clearance received for SOZOTM for fluid management of CHF patients was a significant achievement and milestone for the company.”
Big Un Ltd (ASX: BIG), a $600 million digital video production company, reported a strategic update this morning. Big Un said it, “is pleased to provide an update to the market on cross pillar activity including the scheduled broadcasting of Wayfarer on Sky Business News, the establishment of a US based social media influencer team and the international roll-out of an experiential marketing campaign.”
Finally, Air New Zealand Limited (ASX: AIZ) reported a 6.1% increase in passengers carried in December, with its year-to-date number of passengers carried up 5.5%.
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