Why Newcrest Mining Share Price Jumped Higher Today

What happened to the Newcrest Mining Ltd share price?

At the time of writing, shares of Newcrest Mining Ltd [ASX:TBH] are trading at $21.70, up 1.24%.

Why did Newcrest Mining shares do this?

On 27 March, Newcrest Mining announced that it would re-commence mining at Cadia East. The share price at the time was around $19.50. On 3 April, processing recommended at eight million tonnes per annum.

Cadia East is a gigantic gold mine with significant potential to deliver massive rewards for shareholders.

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What now for Newcrest Mining Ltd?

The market is encouraged by Newcrest Mining’s growth strategy, encompassing low-cost and long mine life. The company’s balance sheet looks strong at the moment as well:

Newcrest mining share price

Source: Newcrest Mining

Newcrest is in a strong position to grow. However, it’s a gold company at the end of the day, and it’s leveraged to the gold price. Assuming the gold price breaks out into another bull market, which I expect sometime later in the year, Newcrest shareholders could be handsomely rewarded.

Jason Stevenson,
Resources Analyst, Markets & Money

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Jason Stevenson is Markets & Money’s resource analyst. He shares over a decade’s worth of investing and trading experience across resource stocks and commodity futures and options. He originally studied accounting and finance at Curtin University, where he was awarded a first-class honours degree. His professional background stems across high-net-worth, top tier accounting (corporate finance, tax and auditing), and sell-side equities research. Before joining the team at Markets and Money, Jason worked at boutique firms which advised fund managers and high-net-worth clients on where to invest. Whether it’s gold, crude oil, copper or an obscure metal like vanadium, you can rely on an in-depth analysis in Markets and Money. Jason also brings you extensive macro, political and geopolitical analysis from around the world. He leaves no stone unturned when it comes to telling the truth. Jason is also the lead analyst of Gold Stock Trader, a premium service for investors serious about precious metal stocks. Websites and financial e-letters Jason writes for:

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