Newcrest Mining Limited (ASX:NCM) is the largest gold producer listed on the Australian Securities Exchange and one of the world’s largest gold mining companies. As of 2018, its major operations in New South Wales’ Cadia Valley, Telfer in Western Australia, Gosowong in Indonesia, and Lihir in Papua New Guinea (PNG).
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.38% at lunch.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) rose by 0.47% on Wednesday.
ASX gold shares like Resolute Mining Limited (ASX:RSG) and Northern Star Resources Ltd (ASX:NST) soared on Friday.
The Newcrest Mining Limited (ASX:NCM) share price is trading close to its 12-month high.
The ASX sector had a very strong day across the board as it benefited from market volatility.
Rising concerns over the possibility of a bear market could make Newcrest Mining Ltd (ASX:NCM) or Evolution Mining Ltd (ASX:EVN) solid investments for 2019.
Mining stocks on the ASX have pushed higher today as the price of gold increased over night.
Newcrest Mining Ltd (ASX:NCM) announced it entered into a US$806 million agreement with Imperial Metals Corporation (TSX:III) to acquire a 70% interest in the Red Chris mine.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.20% at lunch.
