Newcrest Announces Implementation of Scheme
Melbourne, Australia--(Newsfile Corp. - November 6, 2023) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) announces that the proposed scheme of arrangement under which Newcrest will be acquired by Newmont Corporation (via its subsidiary, Newmont Overseas Holdings Pty Ltd) has been implemented today.Scheme Consideration Eligible Newcrest shareholders have received the Scheme Consideration of 0.400 Newmont securities for each Newcrest share held on the Scheme Record Date being 7.00pm (Melbourne time) on 30 October 2023. Eligible Newcrest shareholders...
2023-11-06 4:02 AM EST
Newcrest Announces Scheme Becomes Effective
Scheme becomes effectiveMelbourne, Australia--(Newsfile Corp. - October 17, 2023) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) announces that the scheme of arrangement under which Newcrest will be acquired by Newmont Corporation (via its subsidiary, Newmont Overseas Holdings Pty Ltd) is now legally effective.Newcrest today lodged the orders of the Federal Court with the Australian Securities and Investments Commission pursuant to the Corporations Act.As disclosed in the Scheme Booklet dated 7 September 2023 (released to the ASX, PNGX...
2023-10-17 9:13 PM EDT
Newcrest Announces Federal Court of Australia Approves Scheme
Melbourne, Australia--(Newsfile Corp. - October 16, 2023) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) announces that the Federal Court of Australia (Court) has today made orders approving the proposed scheme of arrangement under which Newcrest will be acquired by Newmont Corporation (via its subsidiary, Newmont Overseas Holdings Pty Ltd) (Scheme).Newcrest expects to lodge an office copy of the Court orders with the Australian Securities and Investments Commission tomorrow, at which time the Scheme will become effective. As...
2023-10-16 11:03 PM EDT
Newcrest Mining Limited - Quarterly Report to 30 September 2023
September quarter planned maintenance safely completed across operations1Gold production of 454koz2 and copper production of 31ktAll-In Sustaining Cost (AISC) of $1,397/oz2,3, delivering an AISC margin of $470/oz4Newmont transaction Newcrest shareholders and Newmont stockholders have voted in favour of Newmont Overseas Holdings Pty Ltd, a wholly owned subsidiary of Newmont Corporation, acquiring 100% of the issued shares of Newcrest by way of a scheme of arrangement (Scheme).Newmont has confirmed all government regulatory approvals t
2023-10-16 7:03 PM EDT
Newcrest Announces Shareholders Vote in Favour of Scheme
Melbourne, Australia--(Newsfile Corp. - October 13, 2023) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) refers to the proposed scheme of arrangement under which Newcrest will be acquired by Newmont Corporation (via its subsidiary, Newmont Overseas Holdings Pty Ltd) (Scheme).Results of the Scheme MeetingIn accordance with the ASX Listing Rules and the Corporations Act, Newcrest advises that the resolution to approve the Scheme as set out in the Notice of Scheme Meeting (Scheme Resolution), was passed by the...
2023-10-13 12:43 AM EDT
Newcrest Announces Newmont Stockholders Approve Share Issuance for Scheme
Newmont stockholders approve issuance of Newmont shares for the SchemeMelbourne, Australia--(Newsfile Corp. - October 11, 2023) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) notes the press release issued by Newmont Corporation earlier today confirming that Newmont stockholders have approved the issuance of shares of Newmont common stock to Newcrest shareholders pursuant to the proposed scheme of arrangement (Scheme) at the meeting of Newmont stockholders.The Newmont stockholder approval condition contained in clause 3.1(h) of the Scheme Implementation Deed...
2023-10-11 7:05 PM EDT
Newcrest Announces Second Court Hearing Date
Notice of Second Court HearingMelbourne, Australia--(Newsfile Corp. - October 9, 2023) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) refers to the proposed acquisition of Newcrest by Newmont Overseas Holdings Pty Ltd, a wholly owned indirect subsidiary of Newmont Corporation, by way of a scheme of arrangement (Scheme).Subject to Newcrest Shareholders approving the Scheme by the requisite majorities at the Scheme Meeting to be held on Friday, 13 October 2023, the Court hearing to approve the Scheme...
2023-10-09 6:03 PM EDT
Newcrest Announces Update on Regulatory Approvals for Scheme
Melbourne, Australia--(Newsfile Corp. - October 5, 2023) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) refers to the proposed acquisition of Newcrest by Newmont Overseas Holdings Pty Ltd, a wholly owned indirect subsidiary of Newmont Corporation, by way of a scheme of arrangement (Scheme).Newcrest has been notified by Newmont that all government regulatory approvals that are conditions precedent to the Scheme have been obtained. This includes approvals from the Australian Foreign Investment Review Board and competition authorities in...
2023-10-05 8:45 PM EDT
Newcrest Announces Special Dividend
Melbourne, Australia--(Newsfile Corp. - October 4, 2023) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) announces that the Newcrest Directors have determined to pay a fully franked special dividend of US$1.10 (Special Dividend) in respect of Newcrest shares held on the Special Dividend Record Date, being 7.00pm (AEDT) on 19 October 2023. Payment of the Special Dividend is conditional on the proposed scheme of arrangement (Scheme), under which Newcrest will be acquired by Newmont Corporation (via its subsidiary,...
2023-10-04 6:03 PM EDT
Newcrest Announces Letter to Newcrest Shareholders
Melbourne, Australia--(Newsfile Corp. - September 13, 2023) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) refers to its announcement made on 7 September 2023 that the Federal Court of Australia had approved convening of the Scheme Meeting and distribution of the Scheme Booklet in relation to the proposed acquisition of Newcrest by Newmont Overseas Holdings Pty Ltd, a wholly owned indirect subsidiary of Newmont Corporation, by way of a scheme of arrangement.The attached letter has been dispatched today...
2023-09-13 3:56 AM EDT
Newcrest Announces Scheme Booklet Registered by ASIC
Scheme Booklet registered by ASICMelbourne, Australia--(Newsfile Corp. - September 7, 2023) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) refers to the announcement made on 7 September 2023 in connection with: the proposed acquisition of Newcrest by Newmont Overseas Holdings Pty Ltd, a wholly owned indirect subsidiary of Newmont Corporation, by way of a scheme of arrangement (Scheme); andthe orders made by the Federal Court of Australia that Newcrest convene a meeting of Newcrest shareholders to consider...
2023-09-07 11:42 PM EDT
Newcrest Announces Court Approves Convening of Scheme Meeting and Distribution of Scheme Booklet
Court Approves Convening of Scheme Meeting and Distribution of Scheme BookletMelbourne, Australia--(Newsfile Corp. - September 6, 2023) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) provides the following update in relation to the proposed acquisition of Newcrest by Newmont Overseas Holdings Pty Ltd, a wholly owned indirect subsidiary of Newmont Corporation, by way of a scheme of arrangement (Scheme).Court approvalThe Federal Court of Australia has today made orders:that Newcrest convene and hold a meeting of Newcrest shareholders to...
2023-09-06 11:09 PM EDT
Newcrest Announces Annual Mineral Resources and Ore Reserves Statement
Annual Mineral Resources and Ore Reserves Statement - as at 30 June 2023 Initial Brucejack Mineral Resource and Ore Reserves estimates reported for Newcrest Newcrest Group gold Mineral Resources1 and Ore Reserves1 estimates increase on prior yearOre Reserves increase by 5% to 64 million ouncesMeasured and Indicated Resources increase by 4% to 130 million ouncesInferred Mineral Resources increase by 20% to 25 million...
2023-08-10 10:06 PM EDT
Newcrest Announces FY23 Full Year Results
Higher gold and copper production with increased shareholder returns1Operating and financial performance supports 100% increase in total dividends for FY23Statutory profit2 and Underlying profit3 of $778 million Free cash flow3 of $404 millionFully franked final dividend of US 20 cents per share, bringing total FY23 dividends to US 55 cents per share Safety and sustainabilityLearnings shared across the business following the tragic fatality at Brucejack and serious injury at Cadia; Improved annual TRIFR4 of 2.97Transition to electric vehicles continues with...
2023-08-10 8:54 PM EDT
Newcrest Mining Limited - Quarterly Exploration Report - 30 June 2023
Melbourne, Australia--(Newsfile Corp. - July 24, 2023) - At Red Chris, drilling has intersected a new higher-grade zone of mineralisation east of the East Ridge Exploration Target (Far East Ridge) which has the potential to become the fifth porphyry centre along the Red Chris porphyry corridor.At Far East Ridge (outside of the previously released East Ridge Exploration Target) drilling of hole RC876 returned 274m @ 0.67g/t Au & 0.45% Cu from 998m including 42m @ 1.5g/t Au & 1.1% Cu...
2023-07-24 8:51 PM EDT
Newcrest Mining Limited - Quarterly Report - 30 June, 2023
Safety and sustainabilityRecord safety performance at Lihir, with no recordable injuries for a second consecutive quarterRed Chris achieved its lowest annual TRIFR2 on record in FY23Serious injury sustained at Cadia which is subject to investigation by the NSW Resource RegulatorFirst renewable power generated from the Rye Park Wind Farm in July and early supply has commenced under Cadia's Power Purchase AgreementFY23 gold production and AISC guidance achievedGold production of 556koz3 and copper production of 35kt, resulting in FY23 gold production...
2023-07-24 8:50 PM EDT
Newcrest Enters into Binding Scheme Implementation Deed with Newmont
Newcrest and Newmont have reached agreement to proceed with a proposal for Newmont to acquire 100% of the issued shares in Newcrest by way of an Australian scheme of arrangement Newcrest Board unanimously recommends shareholders vote in favour of the Newmont Transaction1 Transaction expected to establish a clear global leader in gold production by combining two of the world's largest producers, with a significant and growing exposure to copperNewcrest shareholders to receive 0.400 Newmont shares for each Newcrest share held...
2023-05-14 8:47 PM EDT
Newcrest Announces Exclusivity period with Newmont extended
Melbourne, Australia--(Newsfile Corp. - May 11, 2023) - Further to the ASX announcement dated 14 April 2023, Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) provides the following update on the revised conditional and non-binding proposal from Newmont Corporation (Newmont) to acquire 100% of the issued shares in Newcrest, by way of a scheme of arrangement (Revised Proposal).On 14 April 2023, Newcrest announced that it had granted Newmont exclusivity until 11:59pm on 11 May 2023 to allow Newmont...
2023-05-11 8:18 AM EDT
Newcrest Mining Limited - Quarterly Exploration Report - 31 March 2023
Exploration portfolio continues to deliver on growth strategyMelbourne, Australia--(Newsfile Corp. - April 26, 2023) - Newcrest (ASX: NCM) (TSX: NCM) (PNGX: NCM) continues to deliver on its global exploration growth strategy to identify Tier 1 mineral deposits which have the potential to provide long term operations in emerging copper-gold provinces.At Red Chris, the application of our mining capabilities and a willingness to explore deeper have unlocked a significant mineral endowment and opportunity in an emerging world-class copper-gold province. In March...
2023-04-26 10:07 PM EDT
Newcrest Mining Limited - Quarterly Report - 31 March 2023
For the three months ended 31 March 2023(figures are unaudited and in US$ except where stated)On track for Group FY23 production guidance after solid Q3 performance1,2 Corporate updateNewcrest granted Newmont exclusive due diligence following revised non-binding indicative proposal in April 2023 to acquire 100% of the issued shares of Newcrest Safety and sustainabilityThird consecutive quarter of reduced injury rates with zero recordable injuries at Cadia and LihirKey trials and studies to support the Group Net...
2023-04-26 9:21 PM EDT