Red Chris exploration success expands East Ridge Exploration Target delivering additional mining potential Newcrest - At Red Chris, the Exploration Target for East Ridge has been significantly enhanced confirming the substantial discovery near existing infrastructure and indicating potential to support additional block caves. The Exploration Target [...]
Solid H1 performance and increased shareholder returns1,2,3,4,5,6 Safety and sustainability Extensive safety review completed at Brucejack following the tragic fatality in October 2022 Newcrest Sustainability Fund established with four programs underway to drive strategic social investments Scoping and planning of key trials and studies to support [...]
Further to the ASX announcement dated 6 February 2023, the Newcrest Board provides the following update on its review of the conditional, non-binding and indicative proposal received from Newmont Corp. on 5 February 2023 . Under the Indicative Proposal, Newmont would acquire 100% of the issued shares of Newcrest by way of a scheme of arrangement [...]
Following recent media speculation, Newcrest Mining Ltd. confirms that on 5 February 2023 it received a conditional and non-binding indicative proposal from Newmont Corp. to acquire 100% of the issued shares of Newcrest by way of a scheme of arrangement . Under the Indicative Proposal, Newcrest shareholders would be entitled to receive 0.380 [...]
Q2 results strengthen growth potential across expanding exploration portfolio At Brucejack, drilling continues to enhance the resource growth potential at the Valley of the Kings deposit and the surrounding area, with intercepts expanding the strike extent at the 1080 HBx Zone and demonstrating continuity at Golden Marmot which are located outside [...]
For the three months ended 31 December 2022 On track to deliver FY23 guidance as key growth projects advance to execution Solid second quarter with gold and copper production expected to increase in the March 2023 quarter1,2 Gold production of 512koz3 and copper production of 35kt All-In Sustaining Cost of $1,082/oz3, delivering an AISC margin of [...]
Feasibility Study demonstrates attractive financial returns and a 2.9 year payback1,2,3 Incremental ~400koz of Phase 14A gold production expected over the next 4 years1,4,5 Study work underway to apply steep wall mining in the north and east of the Kapit orebody, with the potential to extend the elevated production profile beyond FY31 Enhanced [...]
Newcrest Mining Ltd. announces that it has received early repayment of the gold prepay credit facility in the amount of $173 million from Lundin Gold Inc. . Newcrest acquired the gold prepay credit facility, together with a stream facility and an offtake agreement in respect of Lundin Gold's Fruta del Norte mine for $460 million in April 2020 . The [...]
Newcrest Mining Ltd. today announced that Managing Director and Chief Executive Officer Sandeep Biswas is retiring. Newcrest's Chief Financial Officer Sherry Duhe will assume the role of Interim CEO, effective today. Sherry joined Newcrest in February 2022, bringing with her nearly three decades of experience across global energy and resource [...]
Newcrest Mining Ltd. announces that the Brucejack mine has resumed mining and processing operations pursuant to a safety-first restart plan. Newcrest Managing Director and Chief Executive Officer, Sandeep Biswas, said "The devastating incident at Brucejack is a stark reminder that safety must always be our number one priority as a business. During [...]
Cadia PC1-2 Feasibility Study demonstrates strong financial returns Feasibility Study estimated IRR of 18% and NPV of US$1.4 billion over a 16 year mine life1,2,3,4 Confirms Cadia's position as a world class, long-life gold and copper producer Optimised mine footprint with additional ore mined across the life of the project Increased annual gold [...]
Newcrest Mining Ltd. is pleased to announce that it is proceeding with the West Dome Stage 8 cutback at its Telfer operation, with the Newcrest Board approving a total investment of A$214 million inclusive of mine operating costs and A$73 million of capitalised production stripping. The cutback underpins continuity of operations at Telfer, with the [...]
