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 Mining : Approves A$236 Million for Projects to Improve Gold Recoveries

October 08, 2020 at 04:07 pm EDT

By Stuart Condie

SYDNEY--Newcrest Mining Ltd. said it has approved capital projects worth 236 million Australian dollars (US$169.1 million), including stage two of the expansion of its Cadia mine in eastern Australia.

Australia's largest gold miner by market capitalization on Friday said its board has approved the addition of equipment to one of the concentrators and upgrades to another at Cadia in New South Wales state. Newcrest expects the project to increase life-of-mine gold recoveries by 3.5% and copper recoveries by 2.7%, while reducing all-in-sustaining-cost by an estimated A$22 per ounce.

The Cadia expansion will cost A$175 million, compared with a previous estimate of A$180 million, Newcrest said in a filing to the Australian Securities Exchange.

The firm said it will also spend A$61 million to improve grinding classification and reduce gold losses through the flotation circuit at its Lihir operation in Papua New Guinea. Gold recoveries are projected to rise by 1.2% over the life of the mine, Newcrest said.

Write to Stuart Condie at stuart.condie@wsj.com

(END) Dow Jones Newswires

10-08-20 1807ET

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	S&P/ASX 200	7,683 PTS	-0.01%	+0.93%	-
	GOLD	2,316 USD	-0.33%	-2.20%	-

Latest news about Newcrest Mining

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Newcrest Mining Limited(ASX:NCM) dropped from FTSE All-World Index	23-10-27	CI
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Newmont Brief: Says "Remains on Track" to Close the Pending Acquisition of Newcrest	23-10-26	MT
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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
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Australian Federal Court OKs Newmont Acquisition of Newcrest Mining	23-10-17	MT
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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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