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Newcrest Mining Ltd (NCM.AX)

NCM.AX on Australia Stock Exchange

23 Jun 2017
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$0.22 (+1.05%)
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Latest Key Developments (Source: Significant Developments)

Newcrest Mining invests US$40 mln in SolGold
Sunday, 18 Jun 2017 07:16pm EDT 

June 19 (Reuters) - Newcrest Mining Ltd :Has invested a further US$40m in London AIM-listed company Solgold Plc.Newcrest now holds 14.54% of issued equity in Solgold.  Full Article

Newcrest Mining updates on Cadia expansion
Wednesday, 17 May 2017 07:12pm EDT 

May 18 (Reuters) - Newcrest Mining Ltd :For Cadia, Newcrest is undertaking community consultation to increase processing and ore production permitted capacity to 35 million tonnes per annum.Permit modification process and feasibility study is designed to enable start of construction in 2018 calendar year if approved.Expanded plant has potential to provide additional permanent employment for up to 100 people.  Full Article

Newcrest Mining updates on status of Cadia operation
Thursday, 11 May 2017 08:14pm EDT 

May 12 (Reuters) - Newcrest Mining Ltd ::Current expected outlook for gold production in FY18 is between 650-750 koz for Cadia operation.For Cadia operation, lower levels of ore production from both pc1 and pc2 expected in Q1 FY18.For Cadia operation cost of remediation and upgrade work is currently estimated to be approximately $25 mln.Updates on status of Cadia operation.  Full Article

Newcrest Mining updates on Cadia operation
Wednesday, 26 Apr 2017 06:48pm EDT 

April 27 (Reuters) - Newcrest Mining Ltd :Cadia East mine remains subject to a prohibition notice..it is currently expected that pc2 mine production will recommence early in fy18..almost all of our personnel who were underground during seismic event have returned to work at cadia operation."there has also been a temporary reduction in contractor workforce on site.".  Full Article

Newcrest Mining says gold production of 599koz for quarter, down 2.6% from prior quarter
Wednesday, 26 Apr 2017 06:47pm EDT 

April 27 (Reuters) - Newcrest Mining Ltd :Gold production of 599koz for quarter, down 2.6% from prior quarter.Copper production decreased 12.3% to 22kt for quarter.Fy17 group gold production is expected to be around bottom end of guidance range..Due to recent seismic event, cadia will not meet its production guidance for fy17.Telfer production is expected to be around bottom end of its fy17 range.Gosowong production is expected to exceed its fy17 guidance range..Lihir's total capital expenditure for fy17 is expected to be within guidance in fy17.Aisc expenditure (million dollars) and sustaining capital expenditure for fy17 are expected to be around bottom end of their guidance range..Group guidance for major project capital expenditure remains unchanged.Cadia's aisc per ounce for march quarter was 29% lower than prior quarter.  Full Article

Newcrest Mining updates on seismic event in region of Cadia operation
Monday, 17 Apr 2017 07:37pm EDT 

April 18 (Reuters) - Newcrest Mining Ltd :Cadia seismic event.Newcrest has commenced an investigation into event, supported by several independent parties..Cadia is not expected to meet its production guidance for 2017 financial year.at approximately 2.30am on friday 14 april 2017 a large seismic event occurred in region of Cadia operation.Too early to be definitive about impact on group's production guidance for 2017 financial year.no injuries were sustained ; all personnel working in cadia east underground mine moved to refuge chambers or safe areas.mining operations temporarily suspended.Preliminary assessment is that seismic event is not anticipated to significantly impact cadia's production beyond 2017 fy.all people were safely transferred to surface and mining operations temporarily suspended.."rehabilitation work has commenced.".initial assessment of ground support within panel cave 2 ("pc2") extraction level and crusher chambers is that level of damage appears to be minimal.surface operations were not adversely affected and have continued uninterrupted.PC1 appears to have sustained some damage to access ways.Mine is currently subject to a prohibition notice from new south wales mining inspectorate.  Full Article

Alice Queen enters into heads of agreement with Newcrest
Tuesday, 7 Mar 2017 07:27pm EST 

Alice Queen Ltd : Heads of agreement with newcrest,ncm-aqx.ax . Agreement for a proposed farm-in on the company’s mendooran project .Newcrest will have the right to earn up to an 80% interest by incurring exploration expenditure of not less than $10 million.  Full Article

Alliance Aviation Services extends contract for Newcrest's Telfer gold mine
Tuesday, 7 Feb 2017 04:45pm EST 

Alliance Aviation Services Ltd :Signed contract extensions for Newcrest's telfer gold mine for a further period of 3 years.  Full Article

Randgold and Newcrest to establish exploration JV in Ivory Coast
Friday, 18 Nov 2016 03:00am EST 

Randgold Resources Ltd : Randgold Resources and Newcrest have signed a heads of agreement to establish a joint venture for exploration . Area covers extension of some of more prolific Ghanaian gold belts and associated structures . Randgold will manage exploration programme as well as any mines that it produces .Says joint venture board will oversee exploration programme and any consequent development projects in Côte d'Ivoire.  Full Article

Newcrest Mining provides FY 2017 gold production outlook
Sunday, 14 Aug 2016 07:14pm EDT 

Newcrest Mining Ltd : Market release - FY 2016 full year results ."First quarter FY 2017 gold production is expected to be relatively lower than implied average for FY 2017 guidance".  Full Article

More From Around the Web

SolGold boosts budget to explore for copper, gold all over Ecuador

LONDON, June 16 Copper and gold explorer SolGold on Friday said it was raising $41.2 million, on top of more than $30 million announced in October, as it widens its search for resources in Ecuador after already finding one world class asset.