Newcrest Mining Ltd. has received approval from the New South Wales Department of Planning, Industry & Environment for a modification to increase the permitted processing capacity of Cadia from 32Mtpa to 35Mtpa. As previously announced, the Newcrest Board approved progression to execution of a two-stage expansion of Cadia, including an increase in [...]
Newcrest Mining Ltd. has entered into definitive agreements with Altus Strategies and AlphaStream Limited to sell a portfolio of 24 royalties. Newcrest will receive total cash consideration of approximately US$37.5 million from Altus and AlphaStream payable upon completion of the transaction. Completion of the transaction is expected to occur in [...]
Exploration Update 9 December 2021 Red Chris and Havieron continue to deliver excellent drilling results At Red Chris, drilling continues to expand the footprint and continuity of the higher grade mineralisation of East Ridge. RC745 returned 366m @ 0.45g/t Au & 0.57% Cu from 728m, including 36m @ 1.4g/t Au & 1.2% Cu from 960m. This hole is located [...]
Newcrest Mining Ltd. announces that Mr. Gerard Bond has retired as Finance Director of Newcrest, following the close of Newcrest's Board meeting on 8 December 2021 at 12pm. As previously announced, Mr. Bond decided to leave Newcrest after 10 years in the role as Finance Director and Chief Financial Officer. Ms. Sherry Duhe will replace Mr. Bond as [...]
Newcrest Mining Ltd. is pleased to announce that Ms Sherry Duhe has been appointed as Chief Financial Officer. Sherry will replace Gerard Bond, who as previously announced has decided to leave Newcrest after 10 years in the role of Finance Director and Chief Financial Officer in early 2022. Ms Duhe has extensive finance and leadership experience [...]
Newcrest agrees to acquire Pretium Resources1 Adds a Tier 1 large scale, long life, low cost mine to Newcrest's portfolio of Tier 1 assets Immediately increases Newcrest's gold production by >300koz pa to well above 2Moz2,3,4 Accretive to Newcrest's EBITDA and cash flow Provides immediate operational and financial diversification from a Tier 1 [...]
Premium of 23%to the closing price and 29%to the 20-day volume-weighted-average price, respectively, on November 8, 2021 for Pretivm shareholders Option to select cash or Newcrest shares, subject to proration Opportunity to retain exposure to Brucejack, while gaining exposure to Newcrest's diversified portfolio of high-quality, long life, tier one [...]
Newcrest's 2021 Sustainability Report, released today, shows continued progress in FY21 across health, safety, economic, environmental, social performance and governance despite the continued challenges of the COVID-19 pandemic. The safety, health and wellbeing of our people remains Newcrest's highest priority. In FY21, Newcrest finished another [...]
Quarterly Exploration Report For the three months ended 30 September 2021 Red Chris and Havieron deliver outstanding growth and infill drilling results At Red Chris, drilling continues to expand the known higher grade mineralisation intersected at East Ridge, with this new discovery adjacent to the East Zone continuing to return high grade [...]
Q1 in line with expectations as organic growth agenda advanced September quarter in line with expectations and on track to meet annual guidance1,2 Gold production of 396koz3 and copper production of 25kt All-In Sustaining Cost of $1,270/oz3 AISC margin of $406/oz4 Gold and copper production expected to increase in the December quarter2 Advancing [...]
Lihir Phase 14A PFS indicates potential for growth and large scale, long life, low cost production Confirms Lihir's pathway to become a 1Moz+ gold producer for at least 10 years from FY241 $179m investment projected to deliver outstanding return metrics of 37% IRR & 2.6 year payback2,3,4 Increases Lihir's Ore Reserves by 1 million ounces5 Project [...]
Havieron PFS Stage 1 estimated IRR of 16% with a 4 year payback period1,2,3,4 Estimated average gold production of 160kozpa @ AISC of US$743/oz over initial 9 year mine life from a ~2Mtpa operation1,2,3 Capital efficient, low intensity development utilising existing Telfer processing infrastructure PFS based on Ore Reserves of 14Mt and does not [...]
