1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Newcrest Mining Limited
  6. News
  7. Summary
    NCM   AU000000NCM7

NEWCREST MINING LIMITED

(NCM)
  Report
Delayed Australian Stock Exchange  -  05/26 02:10:03 am EDT
24.64 AUD   -2.49%
05/25Lundin Gold Releases Inaugural Climate Change Report, 2021 Sustainability Report
MT
05/25NEWCREST MINING : Notification regarding unquoted securities - NCM
PU
05/24Banks, miners lift Australian shares to near 3-week high
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Newcrest Mining Limited - Pretivm Security holders approve acquisition by Newcrest

01/21/2022 | 09:36am EDT

Newcrest Mining Limited (Newcrest) (ASX, TSX, PNGX: NCM) is pleased to announce that Pretium Resources Inc. (Pretivm) (TSX, NYSE: PVG) shareholders and optionholders (Securityholders) have voted overwhelmingly in favour of the special resolution to approve the plan of arrangement under which Newcrest will acquire Pretivm, including the Brucejack mine (the Transaction).

The special resolution was approved by 95.48% of the votes cast by Pretivm Securityholders at the special meeting held today.

Pretivm shareholders that did not elect cash or Newcrest shares will receive the default consideration of 50% cash and 50% Newcrest shares, being C$9.25 in cash and 0.4042 Newcrest shares per Pretivm share. For other shareholders, after proration and by operation of the aggregate cap of 50% cash and 50% Newcrest share consideration: Completion of the Transaction remains subject to final approval by the Toronto Stock Exchange, the granting of the final order by the Supreme Court of British Columbia at a hearing which is scheduled for 25 January 2022, and approval under the Investment Canada Act. Completion of the Transaction is currently expected to occur in the March quarter 2022.

Newcrest's Managing Director and Chief Executive Officer, Sandeep Biswas, said 'It's pleasing to see the overwhelmingly positive support for the Transaction from Pretivm shareholders. This acquisition positions Newcrest as the leading gold miner in British Columbia's Golden Triangle, operating both the Brucejack and Red Chris mines. This is an exciting time for Newcrest and we look forward to building on Pretivm's success to unlock further value in and around the Brucejack operation.'

Contact:

Tom Dixon

Tel: +61 3 9522 5570

Email: Tom.Dixon@newcrest.com.au

Forward Looking Statements

This document includes forward looking statements and forward looking information within the meaning of securities laws of applicable jurisdictions. Forward looking statements can generally be identified by the use of words such as 'may', 'will', 'expect', 'intend', 'plan', 'estimate', 'anticipate', 'believe', 'continue', 'objectives', 'targets', 'outlook' and 'guidance', or other similar words and may include, without limitation, statements regarding certain plans, strategies, aspirations and objectives of management, and the expected completion of the Transaction. Newcrest continues to distinguish between outlook and guidance. Guidance statements relate to the current financial year. Outlook statements relate to years subsequent to the current financial year. These forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Newcrest's expectation of completion of the Transaction and the expected benefits of the transaction with Pretium Resources Inc. to differ materially from that expressed or implied by these forward-looking statements. Relevant factors may include, but are not limited to, regulatory risk, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which Newcrest operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Newcrest does not undertake to update any of the forward looking statements other than as required by relevant securities laws.

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
NEWCREST MINING LIMITED -2.49% 24.64 Delayed Quote.0.65%
All news about NEWCREST MINING LIMITED
05/25Lundin Gold Releases Inaugural Climate Change Report, 2021 Sustainability Report
MT
05/25NEWCREST MINING : Notification regarding unquoted securities - NCM
PU
05/24Banks, miners lift Australian shares to near 3-week high
RE
05/23Antipa minerals limited - newcrest elects to operate next stage of wilki project farm-i..
AQ
05/17TRANSCRIPT : Newcrest Mining Limited Presents at Bank of America 2022 Global Metals, Minin..
CI
05/16Australia shares rise on miners, energy boost; Brambles sinks
RE
05/16Ascot Resources Swings to Q1 Loss from Year-Ago Profit; Hires Former Newcrest Executive..
MT
05/16Australia shares end higher on banks; Brambles soars on deal talks
RE
05/10Australian shares dragged by mining, gold firms; U.S. inflation in focus
RE
05/10Australian shares end at three-month low as growth fears sap risk appetite
RE
More news
Analyst Recommendations on NEWCREST MINING LIMITED
More recommendations
Financials (USD)
Sales 2022 4 275 M - -
Net income 2022 880 M - -
Net Debt 2022 1 706 M - -
P/E ratio 2022 17,2x
Yield 2022 1,35%
Capitalization 15 535 M 15 535 M -
EV / Sales 2022 4,03x
EV / Sales 2023 3,21x
Nbr of Employees 5 304
Free-Float 99,1%
Chart NEWCREST MINING LIMITED
Duration : Period :
Newcrest Mining Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NEWCREST MINING LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 17,44 $
Average target price 21,32 $
Spread / Average Target 22,3%
EPS Revisions
Managers and Directors
Sandeep Biswas Chief Executive Officer, MD & Executive Director
Sherry Duhe Chief Financial Officer
Peter William Tomsett Independent Non-Executive Chairman
Suresh Vadnagra Chief Technical & Projects Officer
Phil Stephenson Chief Operating Officer-Australia & Americas
Sector and Competitors