Newcrest Mining Limited

Recent News

  • 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