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All posts by Mat Collings

Research Analyst

Sectors Covered: Mining

Newcrest Mining: Q3 falls short of expectation

29 April 2022, 8:00 AM

Newcrest Mining (ASX:NCM) is guiding to a strong Q4, needing at least 600koz of production to meet the lower end of revised guidance.

Western Areas: Improved offer brings WSA board back to the table

By Mat Collings

14 April 2022, 9:00 AM

IGO has increased its all-cash offer for WSA to A$3.87/share (from A$3.36) reflecting the positive impact of recent nickel price volatility on Western Areas' (ASX:WSA) near-term cash flow and asset values.

Newcrest Mining: Strong H2 predicted as Cadia ramp up continues

By Mat Collings

17 February 2022, 3:30 PM

H1 financial results confirmed what the market already knew – lower production leads to lower earnings, with free cash flow further reduced by Newcrest Mining’s (ASX:NCM) investment in the business.

Gold sector: Cost pressures and production weakness dominate reporting season

By Mat Collings

04 February 2022, 9:30 AM

Gold stocks largely retreated over the Q2 reporting season, with company reports focusing on cost pressures being experienced by the industry while a number of producers fell short of consensus production expectations.

Newcrest Mining: Cadia’s slow return hits sentiment

By Mat Collings

31 January 2022, 8:00 AM

Newcrest Mining (ASX:NCM) has maintained group guidance for FY22 but is pointing towards Lihir only achieving the bottom end of range.

Evolution Mining: Red Lake production rattles confidence

By Mat Collings

28 January 2022, 11:00 AM

Evolution Mining (ASX:EVN) has released its 2Q22 trading update. Q2 production reporting has rattled the market despite reaffirming group guidance for FY22 (admittedly at the bottom end of 670koz of gold).

Newcrest Mining: Project development to reset cost base

By Mat Collings

07 December 2021, 9:00 AM

Using feasibility study announcements and the recent acquisition of Pretium in Canada as a catalyst, we undertake a full bottom-up review of our assumptions for Newcrest Mining (ASX:NCM).

Commodities: Inflation fears push gold higher

By Mat Collings

16 November 2021, 8:00 AM

We look at several standard valuation metrics across the sector, with each metric having strengths and weaknesses and all requiring context to be best understood and interpreted.