Newcrest Mining

Equities

NCM

AU000000NCM7

Market Closed - Australian S.E. Other stock markets 01:10:49 2023-10-26 am EDT			5-day change	1st Jan Change
23.35 ^AUD	-1.27%		-.--%	-.--%

2023	National Bank of Canada Reduces Newmont's Price Target	MT
2023	Newmont Completes Newcrest Mining Acquisition	MT

Newcrest Approves Investment to Extend Telfer Mine Life

November 07, 2022 at 05:51 pm EST

By Rhiannon Hoyle

Newcrest Mining Ltd. on Tuesday said it has approved a 214-million Australian dollar (US$139 million) investment to extend the life of its Telfer gold mine in Australia, and that it has hedged more of its future sales from the operation to lock in margins.

The miner said the West Dome Stage 8 cutback at its Telfer operation should start producing ore in the current quarter--its second quarter of fiscal year 2023--and extend operations there into early fiscal year 2025.

Newcrest said a further 432,479 troy ounces of planned gold sales have been hedged. A total of 137,919 ounces in hedges were recorded as outstanding at June 30.

The company hedges gold output there because "Telfer is a large-scale, low-grade mine and its profitability and cash flow are both very sensitive to the realized Australian dollar gold price," Newcrest said.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

11-07-22 1750ET

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GOLD	2,411 USD	+0.00%	+0.82%	-
AUSTRALIAN DOLLAR / JAPANESE YEN	107.1 JPY	-0.04%	-1.29%	-
BRITISH POUND / AUSTRALIAN DOLLAR	1.915 AUD	+0.04%	+0.90%	-
EURO / AUSTRALIAN DOLLAR	1.607 AUD	0.00%	+0.13%	-
AUSTRALIAN DOLLAR / NEW ZEALAND DOLLAR	1.108 NZD	0.00%	+0.88%	-
AUSTRALIAN DOLLAR / CANADIAN DOLLAR	0.9239 CAD	0.00%	+0.41%	-
AUSTRALIAN DOLLAR / US DOLLAR	0.6783 USD	0.00%	+0.55%	-
AUSTRALIAN DOLLAR / SWISS FRANC	0.606 CHF	0.00%	+0.35%	-

Latest news about Newcrest Mining

National Bank of Canada Reduces Newmont's Price Target	Nov. 07	MT
Newmont Completes Newcrest Mining Acquisition	Nov. 06	MT
Materials Down as Dollar Recoups Some Losses -- Materials Roundup	Nov. 06	DJ
China firm launches stock indices to tap into rush for safe-haven gold	Nov. 01	RE
Newcrest Mining Limited(ASX:NCM) dropped from FTSE All-World Index	23-10-27	CI
Materials Up After Strong 3Q GDP Reading -- Materials Roundup	23-10-26	DJ
Newmont's Q3 Adjusted EPS Rises YOY, Revises 2023 Production Outlook; National Bank Says Results Missed Estimates	23-10-26	MT
Newmont 3Q Net Earnings Down, Sees Newcrest Deal Closing Nov 6	23-10-26	DJ
Newmont's Q3 Adjusted EPS Rises YOY, Revises 2023 Production Outlook	23-10-26	MT
Newmont Brief: Says "Remains on Track" to Close the Pending Acquisition of Newcrest	23-10-26	MT
Newmont Brief: Q3 Adjusted net income per share ($/diluted share) US$0.36; Declaring $0.40 Dividend;	23-10-26	MT
Australian shares give up early gains as inflation data raises rate-hike odds	23-10-25	RE
Newmont Brief: All regulatory, shareholder and legal approvals for Proposed acquisition of Newcrest by Newmont have been secured; Cos Expect Transaction to close in early November	23-10-18	MT
Newmont Corporation completed the acquisition of Newcrest Mining Limited from State Street Corporation, BlackRock, Inc., The Vanguard Group, Inc., Allan Gray Australia Pty Ltd. and others.	23-10-17	CI
Newmont Corporation completed the acquisition of Newcrest Mining Limited from State Street Corporation, BlackRock, Inc., The Vanguard Group, Inc., Allan Gray Australia Pty Ltd. and others.	23-10-17	CI
RBC Capital Markets Says Newcrest's Fiscal Q1 Production Below Estimates	23-10-17	MT
Progress continues at Greatland Gold's Havieron project	23-10-17	AN
Australian Federal Court OKs Newmont Acquisition of Newcrest Mining	23-10-17	MT
Gold stalls as investors focus on Powell's speech	23-10-16	RE
Australian shares gain ahead of RBA minutes, Rio Tinto jumps	23-10-16	RE
Australian miner Newcrest's quarterly gold output falls on maintenance shutdowns	23-10-16	RE
Newmont Announces End of Strike at Penasquito Mine in Mexico	23-10-16	MT
Newmont Brief: Announcing End of Strike at Penasquito Mine in Mexico	23-10-16	MT
Australian shares inch lower as banks, tech stocks drag	23-10-15	RE
Newcrest Mining Shareholders Approve Proposed Acquisition by Newmont	23-10-13	MT

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Company Profile

Newcrest Mining Limited is an Australia-based mining company. The Company's principal activities are exploration, mine development, mine operations and the sale of gold and gold/copper concentrate. The Company owns and operates a portfolio of brownfields and greenfields exploration projects. The Company's assets include Brucejack, Cadia, Havieron, Lihir, Red Chris, Telfer and Wafi-Golpu. The Brucejack asset is located approximately 950 kilometers (km) from Vancouver, Canada. The Cadia asset is located approximately 25 km from Orange, New South Wales (NSW). The Havieron asset is located approximately 45 km east of Telfer. The Lihir asset is located on the Niolam Island, approximately 900 km from Port Moresby, Papua New Guinea (PNG). The Red Chris asset is located approximately 1,700 km from Vancouver, Canada. The Telfer asset is located approximately 400 km from Port Hedland, WA. The Wafi-Golpu asset is located approximately 65 km from the city of Lae, PNG.

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