Newcrest Mining News

Australian stocks fell in early trade Friday, extending a selloff that pushed the benchmark to a one-month low Thursday after disappointing data from China, Australia's largest export market.

File Photo: Gold and Copper Resources could get a piece of the Cadia Valley, after the Land and Environment court quashed an exploration licence held by Newcrest Mining limited yesterday.

Australia's largest listed gold miner, Newcrest Mining Ltd. , said an exploration license near one of its biggest mines is being reviewed by the state government after a court upheld objections from a small private explorer to it being renewed in full.

Australian stocks rose Wednesday, with mining issues continuing to recover from recent weakness that stemmed in part from concerns about slowing in China.

Shares of Newcrest Mining Limited traded down 4.76% during mid-day trading on Monday, hitting $14.01. Newcrest Mining Limited has a one year low of $16.31 and a one year high of $31.51. The stock's 50-day moving average is currently $20.91. The company has a market cap of $10.726 billion and a P/E ratio of 14.13. Newcrest Mining, Ltd.

Asian stock markets were mixed in holiday-thinned trading Friday as investors digested a slew of disappointing economic data and corporate results from the U.S. Applications for unemployment benefits jumped to their highest level in six weeks, the U.S. Labor Department reported Thursday, while manufacturing slowed in the mid-Atlantic region.

Australian shares reversed gains and ended 0.5 percent lower on Thursday as sliding metal prices weighed on mining stocks, offsetting early leads spurred by new record highs on Wall Street.

Australian stocks were higher in early action Thursday, led by financial, energy and retail sector gains, but further weakness in mining shares limited the benchmark's advance.

Newcrest Mining is one of the largest precious metal mining companies in the world with a market capitalization of $13.1B. Shares of the company are listed on the Australian Stock Exchange ASX and available to American investors via the pink sheets.

Australian stocks slipped Monday, as the benchmark opened the week by pulling back from its highest closing level in nearly five years.

China manufacturing activity in April slowed slightly from the previous month in a sign of further weakness in the world's second-biggest economy.

China manufacturing activity in April slowed slightly from the previous month in a sign of further weakness in the world's second-biggest economy.

Australia's stock market returned from a one-day holiday to post modest gains Friday as miners surged in reaction to an advance for commodities.

Australian shares rose 0.2 percent on Friday as strong metals prices boosted miners and Wall Street's gains lifted broader sentiment following positive weekly U.S. jobless data.