Lihir Gold
Stock Code
Stock Exchange
Lihir Gold Limited (LGL) is an Australian-based gold mining company engaged in the mining, exploration and gold processing in the Australasian region. LGL’s processing and gold mine facilities are located on Lihir Island, an island situated in the province of New Ireland in Papua New Guinea. Although the company is headquartered in Port Moresby, Papua New Guinea, it operates mainly in Australia. LGL was listed on the Australian Stock Exchange on the 9th of October, 1995. Its annual revenue reaches $498 million out of its issued capital of $873,822.
Here is an update on the different sectors of Australian market from market analyst Macquarie Research Equities.
Record Oil - The Impact of Black Gold
Australian Resources Weekly provided by Australian market analyst UBS.
What are consensus estimates telling us?
Consensus estimates versus spot prices:
Bloomberg data suggests spot is lower than consensus estimates for lead (-25%), nickel (-23%) and zinc (-19%) and higher than consensus estimates for copper (5%) and oil (28%). The implication is that there could be downside risk to zinc, lead and nickel, if prices do not rise from current levels and hence a negative impact on the stocks exposed to these commodities.
Australian Equity Strategy Update provided by Australian stockmarket analyst Macquarie Research Equities.
Model Portfolio Update
Reducing Energy - Preference For Diversifieds:
We remain overweight diversified resources (where valuations appear reasonable), and have moved energy down from benchmark to underweight, as we believe valuations in the sector are looking stretched, as is the oil price in our view.
Accumulating Banks:
Australian Global Commodities Markets Update provided by Australian stockmarket analyst Macquarie Research Equities.
This year’s Golden Globe goes to…
AED Oil was the overall worst performing stock taking in a 21.14 percent decrease. The technical price chart above is for AED and shows a 10, 100 MA on a candlestick chart, each candle representing 3 trading days. It was a mixture of mining and metal exploration, aviation and resources companies who were among the worst performing stocks for the week 22 of 2008 on the Australian sharemarket: Lihir Gold (LHG), Macquarie Airports (MAP), BHP Billiton (BHP), AED Oil (AED), Minara Resources (MRE), St. Barbara (SBM).
Here are the Macquarie Research Commodities (MRC) reviews about the current market for Gold and insights about their Gold price forecast.
China – Gold Fever
If you are bullish on the long term China story, you should also be bullish on Gold. Like Oil, Gold has recently surged in price driven by demand from China and other major Developing Countries. In today’s note, Macquarie Research Commodities (MRC) reviews the current market for Gold and provides an insight into their Gold price forecast of $1,100/oz in the medium term.
Here is an update on the comparison of Australia's equity strategy Vs the world from Australian market analyst UBS.
Equity Strategy – Australia vs The World
Lihir Gold (LGL) has a price target of $1.95 from Australian stock analyst UBS.
Lihir Gold (LGL) has production below expectations with higher costs for March 08 quarter
Event: 139koz gold production for the quarter:
Gold production for the quarter was 139koz at cash cost of US$722/oz. This was 8% below our estimate of 150koz and well above our cost estimate of US$537/oz. Costs were impacted by higher fuel charges, adverse FX movements, the total plant shut and unexpected one off costs.
Impact: Higher costs cuts earnings estimates by 10+%:
Here is the Macquarie Research Equities (MRE) insights into the results and expectations for the rest of the year and operating results for the Lihir Gold Limited (LGL).
LGL: Operating Result
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