Morning News Bites – April 30

Busy day with reporting to the ASX:

  • Gold production down 6% for Newcrest – Cadia mine previously a leader, dropped from December quarter of 239,722oz to 195,181oz
  • ANZ announces $1.41 billion Cash Profit – down 60% as part of half year and dividend announcement. https://www.asx.com.au/asxpdf/20200430/pdf/44hcpzhgz708jc.pdf
  • Ramelius Resources announces a life of mine increase to its Mount Magnet mine while its Edna May Tampia feasibility study brings a reduction in capital costs of around $24 million
  • Decmil announces significant boost  with two new projects in WA with Metronet project for Bayswater Station and Bruce Highway roadworks in Queensland.
  • Woolworths announces 10.7% increase to group sales for Q3 – $16.5 billion, food sales growth of 11.3%

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