Newcrest and Newmont Enter into Exclusivity Deed
Melbourne, Australia--(Newsfile Corp. - April 14, 2023) - Further to the ASX announcement dated 11 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).Newcrest and Newmont have now entered into an exclusivity deed, satisfying a condition of Newmont's proposal.Under the deed, Newcrest has granted Newmont...
2023-04-14 3:29 AM EDT
Newcrest Announces Revised Non-Binding Indicative Proposal Received from Newmont
Revised conditional and non-binding proposal is at 0.400x exchange ratio and, in addition, permits Newcrest to pay a franked special dividend of up to US$1.10 per shareRepresents an aggregate implied value of A$32.87 per share to Newcrest shareholders1 Newcrest has agreed to grant Newmont the opportunity to conduct confirmatory due diligence to put forward a binding proposal Melbourne, Australia--(Newsfile Corp. - April 10, 2023) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) advises that it has received...
2023-04-10 7:25 PM EDT
Newcrest Announces Wafi-Golpu Framework MOU Signed
Melbourne, Australia--(Newsfile Corp. - April 6, 2023) - Newcrest (ASX: NCM) (TSX: NCM) (OTC PINK: NCMGF) (PNGX: NCM) and its Wafi-Golpu Joint Venture (WGJV) partner Harmony Gold (through their respective PNG subsidiaries) have today signed a Framework Memorandum of Understanding (MOU) with the Independent State of Papua New Guinea. The MOU represents a substantial step forward in progressing towards the signing of a Mining Development Contract for Wafi-Golpu and confirms the parties' intent to proceed with the project, subject to finalising...
2023-04-06 12:39 AM EDT
Newcrest Exploration Update - 14 March 2023
Melbourne, Australia--(Newsfile Corp. - March 13, 2023) - Newcrest (ASX: NCM) (TSX: NCM) (PNGX: NCM) - 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 defined for East Ridge (previously released) has been enhanced to between approximately 400Mt @ 0.42g/t Au & 0.49% Cu for 5.4Moz Au & 1.9Mt Cu and approximately 500Mt @ 0.39g/t Au & 0.47%...
2023-03-13 7:23 PM EDT
Newcrest Announces FY23 HY Results
Solid H1 performance and increased shareholder returns1,2,3,4,5,6Safety and sustainabilityExtensive safety review completed at Brucejack following the tragic fatality in October 2022Newcrest Sustainability Fund established with four programs underway to drive strategic social investmentsScoping and planning of key trials and studies to support the Group Net Zero Emissions Roadmap continuing as plannedOn track to deliver FY23 guidance following solid H1 operating and financial performance Statutory profit7 and Underlying profit8 of $293 million All-In Sustaining Cost (AISC)8,9 of $1,089/oz, delive
2023-02-15 5:51 PM EST
Newcrest Announces Update on Non-Binding Indicative Offer from Newmont
Melbourne, Australia--(Newsfile Corp. - February 15, 2023) - Further to the ASX announcement dated 6 February 2023, the Newcrest (ASX: NCM) (TSX: NCM) (PNGX: NCM) Board (the Board) provides the following update on its review of the conditional, non-binding and indicative proposal received from Newmont Corporation (Newmont) on 5 February 2023 (Indicative Proposal). Under the Indicative Proposal, Newmont would acquire 100% of the issued shares of Newcrest by way of a scheme of arrangement, for 0.380 Newmont shares for each...
2023-02-15 5:12 PM EST
Newcrest Announces Non-Binding Indicative Offer from Newmont
Melbourne, Australia--(Newsfile Corp. - February 5, 2023) - Following recent media speculation, Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) confirms that on 5 February 2023 it received a conditional and non-binding indicative proposal from Newmont Corporation (Newmont) to acquire 100% of the issued shares of Newcrest by way of a scheme of arrangement (Indicative Proposal). Under the Indicative Proposal, Newcrest shareholders would be entitled to receive 0.380 Newmont shares for each Newcrest share held1.The Indicative Proposal follows the...
2023-02-05 5:53 PM EST
Newcrest Mining Limited - Quarterly Exploration Report - 31 December 2022
At Brucejack, drilling continues to enhance the resource growth potential at the Valley of the Kings (VOK) 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 the current Pretium published resource.At 1080 HBx Zone, drilling to expand the VOK deposit continues to confirm the continuity of higher grade mineralisation at depth and to the south, with 6 of 20 holes returning intervals in...
2023-01-24 7:08 PM EST
Newcrest Mining Limited - Quarterly Report - 31 December 2022
For the three months ended 31 December 2022(figures are unaudited and in US$ except where stated)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 quarter1,2Gold production of 512koz3 and copper production of 35ktAll-In Sustaining Cost (AISC) of $1,082/oz3, delivering an AISC margin of $591/oz4 Advancing multiple gold and copper growth optionsCadia PC1-2 Feasibility Study approv
2023-01-24 6:52 PM EST
Newcrest Announces Lihir Phase 14A Feasibility Study Unlocks Value
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 FY31Enhanced operational flexibility and risk management with an additional ore sourcePhase 14A mining prog
2023-01-24 6:08 PM EST
Newcrest Receives Early Repayment of Credit Facility from Lundin
Melbourne, Australia--(Newsfile Corp. - January 5, 2023) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) announces that it has received early repayment of the gold prepay credit facility in the amount of $173 million (net of withholding taxes) from Lundin Gold Inc. (Lundin Gold). 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 (see market release...
2023-01-05 5:35 PM EST
CEO Retires: Newcrest Announces Leadership Changes
Melbourne, Australia--(Newsfile Corp. - December 18, 2022) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) today announced that Managing Director and Chief Executive Officer (CEO) Sandeep Biswas is retiring.Newcrest's Chief Financial Officer (CFO) 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 companies. She is a seasoned executive leader, having served as Chief Financial Officer at two ASX-listed companies.Newcrest...
2022-12-18 5:06 PM EST
Newcrest Announces Brucejack Resumes Operations'
Melbourne, Australia--(Newsfile Corp. - November 16, 2022) - Newcrest Mining Limited (Newcrest) (ASX: NCM) (TSX: NCM) (PNGX: NCM) 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 the suspension of operations we reviewed all activities at Brucejack to identify major hazards...
2022-11-16 2:56 AM EST
Newcrest Announces Cadia PC1-2 Feasibility Study Demonstrates Strong Financial Returns
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 projectIncreased annual gold and copper production compared to the Pre-Feasibility Study Early works continue to progress well, with first gold and copper production anticipated in FY26
2022-11-10 5:36 PM EST
Newcrest Announces Telfer Mine Life Further Extended with West Dome Stage 8 Approval
Melbourne, Australia--(Newsfile Corp. - November 7, 2022) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) (Newcrest) 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 (~US$150 million) inclusive of mine operating costs and A$73 million (~US$51 million) of capitalised production stripping. The cutback underpins continuity of operations at Telfer, with the mine now expected to extend operations...
2022-11-07 6:24 PM EST
Newcrest Releases 2022 Sustainability Report
Melbourne, Australia--(Newsfile Corp. - November 6, 2022) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) is pleased to release its Sustainability Report for the 2022 financial year. Newcrest achieved solid progress across its material sustainability objectives during the year, reinforcing the company's commitment to keep people safe, support communities and expand its sustainability agenda.Newcrest Managing Director and Chief Executive Officer, Sandeep Biswas, said, "The company's sustainability performance is a critical step towards realising our purpose to create a...
2022-11-06 6:19 PM EST
Newcrest Announces Fatality Confirmed at Brucejack Mine
Melbourne, Australia--(Newsfile Corp. - October 27, 2022) - Newcrest Mining Limited (Newcrest) (ASX: NCM) (TSX: NCM) (PNGX: NCM) advises with deep sadness the tragic loss of life of a colleague and team member from its contracting partner, Procon, who was involved in an isolated incident at the Brucejack mine in British Columbia, Canada, on 22 October 2022.Newcrest Managing Director and Chief Executive Officer, Sandeep Biswas, said "This is devastating news that no-one ever wants to hear. The feeling of profound...
2022-10-27 2:40 AM EDT
Newcrest Mining Limited - Quarterly Exploration Report - 30 September 2022
Growth potential advances across all regions as exploration portfolio expands At Brucejack, drilling continues to confirm the potential for resource growth at the Valley of the Kings (VOK) deposit and the surrounding area with further high grade intercepts returned from the 1080 HBx Zone and Golden Marmot, which are located outside the current Pretium published resource.At 1080 HBx Zone, drilling has expanded the VOK deposit and confirmed the continuity of the higher grade mineralisation at depth and to the south,...
2022-10-26 7:45 PM EDT
Newcrest Mining Limited - Quarterly Report - 30 September 2022
Solid operational performance as organic growth projects advance Safety and sustainabilityCritical incident at the Brucejack operation on 22 October 2022 Strong first quarter following planned maintenance and on track to meet annual guidance1Gold production of 527koz2 and copper production of 32ktAll-In Sustaining Cost (AISC) of $1,098/oz2, delivering an AISC margin of $579/oz3Gold and copper production expected to increase in the December 2022 quarter4 Advancing pipeline of organic gold and copper growth options
2022-10-26 7:37 PM EDT
Newcrest Announces Critical Incident at Brucejack Mine
Critical incident at Brucejack mine Melbourne, Australia--(Newsfile Corp. - October 23, 2022) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) (Newcrest) regrets to advise that a team member from its mining and development contractor, Procon, was involved in a critical incident at the Brucejack mine in British Columbia, Canada, on Saturday 22 October 2022. The Brucejack mine rescue team is in the process of determining safe entry into the incident location.Newcrest's focus is on providing support to all...
2022-10-23 7:28 PM EDT