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Newcrest Mining Limited (NCM) Q4 2021 Report Analysis


Corporate Events

Neutral

Tranche Update on Newcrest Mining Limited (ASX:...

2022-02-17 08:33:00

From July 1, 2021 to December 31, 2021, the company has repurchased 300,000 shares, representing 0.04% for AUD 7.27 million. With this, the co...

Neutral

AME BC, 2021 AME Roundup Conference, Jan 31, 2...

2022-01-28 00:00:00

AME BC, 2021 AME Roundup Conference, Jan 31, 2022 through Feb 03, 2022.

Neutral

Newcrest Mining Limited Provides Group Producti...

2022-01-27 22:19:00

Newcrest Mining Limited provided group production guidance for the fiscal year 2022. For the fiscal year, the company expects to report group ...

Positive

Newcrest Mining Limited Announces Cadia Receive...

2021-12-13 23:53:00

Newcrest Mining Limited has received approval from the New South Wales Department of Planning, Industry & Environment (DPIE) for a modificatio...

Negative

Newcrest Mining Limited Announces Retirement of...

2021-12-08 01:03:00

Newcrest Mining Limited announced that Mr. Gerard Bond has retired as Finance Director of Newcrest, following the close of Newcrest's Board me...

Neutral

Newcrest Mining Limited, Board Meeting, Dec 08, 2021

2021-12-08 01:03:00

Newcrest Mining Limited, Board Meeting, Dec 08, 2021, at 12:00 AUS Eastern Standard Time. Agenda: To retire Gerard Bond as Finance Director.

Neutral

Newcrest Mining Limited Presents at Scotiabank ...

2021-11-30 01:33:00

Newcrest Mining Limited Presents at Scotiabank Mining Conference 2021, Nov-30-2021 02:40 PM.

Negative

Newcrest Mining Limited Replaces Gerard Bond wi...

2021-11-16 14:09:00

Newcrest Mining Limited announced that Ms. Sherry Duhe has been appointed as Chief Financial Officer. Sherry will replace Gerard Bond, who as ...

Negative

Newcrest Mining Limited Announces Resignation o...

2021-11-15 03:12:00

Newcrest Mining Limited announced that Mr. Peter Hay, resigned as Chairman and as a Director of the company with effect from the close of the ...

Positive

Newcrest Mining Limited, Pretium Resources Inc....

2021-11-08 00:00:00

Newcrest agrees to acquire Pretium Resources

Positive

Newcrest Mining Limited (ASX:NCM) entered into ...

2021-11-08 00:00:00

Newcrest Mining Limited (ASX:NCM) entered into a binding agreement to acquire Pretium Resources Inc. (TSX:PVG) for CAD 3.4 billion on November...

Neutral

Newcrest Mining Limited and R3D Resources Limit...

2021-10-28 00:06:00

Newcrest and R3D have amended the Bulimba agreement to allow for the deferral of the Helitem survey over the eastern Bulimba tenements until f...

Positive

Newcrest Mining Limited Announces Updates on Re...

2021-10-27 21:38:00

Newcrest Mining Limited announced that At Red Chris, drilling continues to expand the known higher grade mineralisation intersected at East Ri...

Neutral

Newcrest Mining Limited Provides Group Producti...

2021-10-27 21:28:00

Newcrest Mining Limited provided group production guidance for the fiscal year 2022. For the year, the company expects gold production to be i...

Negative

Lisa Ali, Chief People & Sustainability Officer...

2021-10-27 21:28:00

Newcrest announced that Lisa Ali, the Company's Chief People & Sustainability Officer has decided to leave Newcrest and the process to select ...

Neutral

Newcrest Mining Limited to Report Q2, 2022 Resu...

2021-10-25 11:52:00

Newcrest Mining Limited announced that they will report Q2, 2022 results on Jan 28, 2022

Neutral

Newcrest Mining Limited to Report Q3, 2022 Resu...

2021-10-25 11:52:00

Newcrest Mining Limited announced that they will report Q3, 2022 results on Apr 28, 2022

Positive

Greatland Gold plc and Newcrest Mining Limited ...

2021-10-19 06:04:00

Greatland Gold plc announced the Juri Joint Venture with Newcrest Mining Limited will advance to Stage 2 which marks an extension and potentia...

Positive

Newcrest Mining Limited Approves the Lihir Phas...

2021-10-11 21:46:00

Newcrest Mining Limited announced that the Newcrest Board has approved the Lihir Phase 14A Pre-Feasibility Study (the Phase 14A Study), enabli...

Positive

Newcrest Mining Limited Announces Completion of...

2021-10-11 21:44:00

Newcrest Mining Limited announced that the Havieron Pre-Feasibility Study Stage 1 (the Study) has been completed and the Newcrest Board has ap...

Positive

Newcrest Mining Limited Endorses the Red Chris ...

2021-10-11 21:41:00

Newcrest Mining Limited announced that the Newcrest Board has endorsed the Red Chris Block Cave Pre-Feasibility Study (the Study) and approved...

Neutral

Newcrest Mining Limited - Special Call

2021-10-07 03:02:00

Pre-Feasibility Studies Overview

Neutral

Newcrest Mining Limited - Shareholder/Analyst Call

2021-10-04 21:55:00

Annual General Meeting

Negative

Newcrest Mining Limited Announces Board Changes

2021-10-04 21:48:00

Newcrest Mining Limited announced that Mr. Peter Hay intends to retire as a Non-Executive Director and as Non-Executive Chairman of Newcrest, ...

Neutral

The Bank of Nova Scotia, Scotiabank Mining Conf...

2021-09-09 14:31:00

The Bank of Nova Scotia, Scotiabank Mining Conference 2021, Nov 30, 2021 through Dec 02, 2021.

Positive

Newcrest Mining Limited Provides Exploration Update

2021-09-08 22:59:00

Newcrest Mining Limited provided Exploration Update. At Red Chris, drilling continues to expand the higher grade mineralisation intersected at...

Neutral

Newcrest Mining Limited Presents at 2021 Precio...

2021-09-05 02:51:00

Newcrest Mining Limited Presents at 2021 Precious Metals Summit Beaver Creek, Sep-08-2021 . Venue: Park Hyatt Beaver Creek, Beaver Creek, Colo...

Positive

Newcrest Mining Limited, 0.5519525 (AUD), Cash ...

2021-08-19 00:00:00

Newcrest Mining Limited, 0.5519525 (AUD), Cash Dividend, Aug-26-2021

Neutral

Tranche Update on Newcrest Mining Limited (ASX:...

2021-08-18 23:11:00

From July 1, 2020 to June 30, 2021, the company has repurchased 500,000 shares, representing 0.06% for AUD 12.21 million. With this, the compa...

Positive

Newcrest Mining Limited Approves Cadia PC1-2 Pr...

2021-08-18 23:07:00

Newcrest Mining Limited announced that the Newcrest Board has approved the Cadia PC1-2 Pre-Feasibility Study (the Study), enabling the commenc...

Positive

Newcrest Mining Limited Approves Final Dividend...

2021-08-18 22:47:00

Newcrest Mining Limited's board has approved a final dividend of 40 US cents per share, which is 129% higher than last year’s final dividend. ...

Neutral

Newcrest Mining Limited, 2021 Earnings Call, Au...

2021-07-21 18:02:00

Newcrest Mining Limited, 2021 Earnings Call, Aug 19, 2021

Neutral

Newcrest Mining Limited, Annual General Meeting...

2021-07-14 13:45:00

Newcrest Mining Limited, Annual General Meeting, Nov 10, 2021, at 10:30 AUS Eastern Standard Time. Agenda: To receive and consider the Company...

Neutral

Newcrest Mining Limited Presents at Diggers and...

2021-06-30 19:09:00

Newcrest Mining Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 08:10 AM. Venue: Goldfields Arts Centre, Cheetham Street, Ka...

Negative

Newcrest Mining Limited Appoints Jane McAloon a...

2021-06-23 22:31:00

Newcrest Mining Limited announced the appointment of Jane McAloon as an independent Non-Executive Director and a member of the Human Resources...

Positive

Newcrest Mining Limited Announces at Red Chris,...

2021-06-09 22:57:00

Newcrest Mining Limited announced at Red Chris, drilling continues to expand the higher grade mineralisation intersected at East Ridge and in ...

Neutral

Newcrest Mining Limited Presents at Bank of Ame...

2021-05-17 20:17:00

Newcrest Mining Limited Presents at Bank of America Global Metals, Mining & Steel Virtual Conference 2021, May-18-2021 06:20 AM.

Neutral

Tranche Update on Newcrest Mining Limited (ASX:NCM)'s Equity Buyback Plan announced on February 19, 2008.

2022-02-17 08:33:00

From July 1, 2021 to December 31, 2021, the company has repurchased 300,000 shares, representing 0.04% for AUD 7.27 million. With this, the company has completed the repurchase of 4,056,629 shares, representing 0.82% for AUD 128.39 million under the buyback announced on February 19, 2008.

Neutral

AME BC, 2021 AME Roundup Conference, Jan 31, 2022 through Feb 03, 2022

2022-01-28 00:00:00

AME BC, 2021 AME Roundup Conference, Jan 31, 2022 through Feb 03, 2022.

Neutral

Newcrest Mining Limited Provides Group Production Guidance for the Fiscal Year 2022

2022-01-27 22:19:00

Newcrest Mining Limited provided group production guidance for the fiscal year 2022. For the fiscal year, the company expects to report group production – gold in the range of 1,800 koz 2,000 koz, group production of copper in the range of 125 kt 130 kt.

Positive

Newcrest Mining Limited Announces Cadia Receives Approval to Increase Processing Capacity

2021-12-13 23:53:00

Newcrest Mining Limited has received approval from the New South Wales Department of Planning, Industry & Environment (DPIE) for a modification to increase the permitted processing capacity of Cadia from 32Mtpa to 35Mtpa. As previously announced, the Newcrest Board approved progression to execution of a two-stage expansion of Cadia, including an increase in plant capacity to 35Mtpa. Execution of the works for both stages of the expansion are currently in progress, with completion expected in the September quarter of calendar year 2022. The modification also provides approval for Newcrest to repair the slumped section of the Northern Tailings Storage Facility (NTSF) at Cadia and revise the footprint of the NTSF and Southern Tailings Storage Facility to allow for a change from an upstream to a centreline lift design. The modification is subject to conditions including Newcrest commissioning an independent audit report to the satisfaction of the DPIE Secretary in relation to Newcrest's approach to managing and minimising the off-site air quality impacts of the project.

Negative

Newcrest Mining Limited Announces Retirement of Gerard Bond as Finance Director

2021-12-08 01:03:00

Newcrest Mining Limited announced that Mr. Gerard Bond has retired as Finance Director of Newcrest, following the close of Newcrest's Board meeting on December 8, 2021. As previously announced, Mr. Bond decided to leave Newcrest after 10 years in the role as Finance Director and Chief Financial Officer. Ms Sherry Duhe will replace Mr. Bond as Chief Financial Officer in early 2022, with current Group Treasurer Kim Kerr to be Acting Chief Financial Officer from December 9, 2021 to coincide with planned leave being taken by Mr. Bond.

Neutral

Newcrest Mining Limited, Board Meeting, Dec 08, 2021

2021-12-08 01:03:00

Newcrest Mining Limited, Board Meeting, Dec 08, 2021, at 12:00 AUS Eastern Standard Time. Agenda: To retire Gerard Bond as Finance Director.

Neutral

Newcrest Mining Limited Presents at Scotiabank Mining Conference 2021, Nov-30-2021 02:40 PM

2021-11-30 01:33:00

Newcrest Mining Limited Presents at Scotiabank Mining Conference 2021, Nov-30-2021 02:40 PM.

Negative

Newcrest Mining Limited Replaces Gerard Bond with Sherry Duhe as Chief Financial Officer

2021-11-16 14:09:00

Newcrest Mining Limited announced that Ms. Sherry Duhe has been appointed as Chief Financial Officer. Sherry will replace Gerard Bond, who as previously announced has decided to leave Newcrest after 10 years in the role of Finance Director and Chief Financial Officer in early 2022. Ms. Duhe has extensive finance and leadership experience across a range of global organisations, including the past four years as Chief Financial Officer and Executive Vice President at Woodside Energy. Prior to this, Ms. Duhe held a range of senior international roles across the energy and resources sectors, including at Shell Exploration &Production, Royal Dutch Shell, ExxonMobil, Duke Energy and J.M Huber Corporation. With demonstrated capabilities across accounting and reporting, tax, mergers and acquisitions, procurement and investor relations, Ms. Duhe brings a wealth of experience in driving commercial value, leading business and functional transformation, productivity and business performance. Ms. Duhe will join Newcrest in early 2022 and will be based in Melbourne. Current Group Treasurer Kim Kerr will be Acting Chief Financial Officer from 9 December 2021 to coincide with planned leave being taken by Mr. Bond. Ms. Kerr is a senior finance executive with more than 15 years' experience at Newcrest, including nearly five years as Group Treasurer.

Negative

Newcrest Mining Limited Announces Resignation of Peter Hay, Chairman and as A Director

2021-11-15 03:12:00

Newcrest Mining Limited announced that Mr. Peter Hay, resigned as Chairman and as a Director of the company with effect from the close of the Annual General Meeting of the company on 10 November 2021.

Positive

Newcrest Mining Limited, Pretium Resources Inc. - M&A Call

2021-11-08 00:00:00

Newcrest agrees to acquire Pretium Resources

Positive

Newcrest Mining Limited (ASX:NCM) entered into a binding agreement to acquire Pretium Resources Inc. (TSX:PVG) for CAD 3.4 billion.

2021-11-08 00:00:00

Newcrest Mining Limited (ASX:NCM) entered into a binding agreement to acquire Pretium Resources Inc. (TSX:PVG) for CAD 3.4 billion on November 8, 2021. Pursuant to the transaction, Pretivm shareholders will have the option to elect to receive CAD 18.50 per Pretivm share in cash or 0.8084 Newcrest shares per Pretivm share, subject to proration and an aggregate cap payable by Newcrest of 50% cash and 50% Newcrest shares. The consideration of share representing consideration of CAD 18.50 based on the Canadian dollar equivalent of the 5 day volume-weighted-average-price (VWAP) of Newcrest shares on the Australian Securities Exchange (ASX) ending on November 8, 2021, subject to proration to ensure aggregate cash and Newcrest share consideration each represent 50% of total transaction consideration. The Transaction Price represents a premium of 23% and 29% to the closing price. The cash component of the transaction consideration will be funded from Newcrest’s existing liquidity. On completion of the transaction, Newcrest will be the owner and operator of 2 world-class gold ore bodies in British Columbia, and we anticipated that by the end of this decade, our Canadian operations will produce a combined 500,000 ounces of gold per year in addition to copper production from Red Chris and silver production from Brucejack. The Arrangement Agreement includes a termination fee of CAD 125 million, payable by Pretivm, under certain circumstances. With this acquisition, Brucejack will join Newcrest’s portfolio. The Transaction, which is not subject to a financing condition, will be implemented by way of a court-approved plan of arrangement under the Business Corporations Act and it will require the approval of 66 2/3% of the votes cast by (i) the holders of Pretivm’s common shares and (ii) holders of options to acquire shares of Pretivm, voting together as a single class, at a special meeting of Pretivm securityholders to be held to consider the Transaction. Transaction is also subject to the receipt of competition clearances in Canada and other customary closing conditions for transactions of this nature. The Arrangement Agreement provides for customary deal-protection provisions, including a non-solicitation covenant on the part of Pretivm and a right for Newcrest to match any Superior Proposal. The Directors and senior officers of Pretivm, owning in aggregate approximately 0.2% of Pretivm’s voting securities have agreed to vote all the shares and options they own or control in favour of the Transaction. A special committee comprised entirely of independent Directors of Pretivm has unanimously recommended the Transaction to the board of Directors of Pretivm. Unanimously approved and recommended by the Pretivm board of Directors. The Pretium board unanimously recommends that the Securityholders vote FOR the arrangement resolution. On December 16, 2021, Pretivm obtained an interim order (the “Interim Order”) from the Supreme Court of British authorizing the holding of the Special Meeting and matters relating to the conduct of the Special Meeting. A special meeting of shareholders and option holders of Pretivm to be held January 20, 2022, in connection with the proposed acquisition. The Transaction is expected to be completed in the first quarter of 2022. Accretive to Newcrest’s EBITDA and cash flow. BMO Capital Markets acted as financial advisor to Pretivm. Blake, Cassels & Graydon LLP acted as legal advisor to Pretivm. Adam M. Givertz of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Pretivm. RBC Capital Markets, Australia acted as financial advisor to Newcrest. Lazard Pty Limited acted as financial advisor to Newcrest. Shea Small, Shane C. D'Souza, Jason Gudofsky, Raj Juneja, Donovan Plomp, Kate McNeece, Selina Lee-Andersen, Daniel Bornstein and Eva Bellissimo from McCarthy Tétrault LLP acted as legal advisor to Newcrest. George A. Stephanakis, Richard Hall, Virginie Marier and Eric W. Hilfers of Cravath, Swaine & Moore LLP acted as legal advisor to Newcrest. BMO Capital Markets and Citigroup Global Markets Canada Inc. acted as fairness opinion providers to the Pretivm Special Committee and Board. Citigroup Global Markets Canada Inc. acted as financial advisor and Stikeman Elliott LLP acted as legal advisor to the Special Committee formed by the Boards of Pretivm. Longview Communications and Public Affairs is acting as communications advisor to Pretivm.

Neutral

Newcrest Mining Limited and R3D Resources Limited Agrees to Amend Bulimba Agreement

2021-10-28 00:06:00

Newcrest and R3D have amended the Bulimba agreement to allow for the deferral of the Helitem survey over the eastern Bulimba tenements until first half 2022. The Bulimba agreement covers six EPMS west of the Tartana mining leases and is subject to the Bulimba agreement where: R3D agrees to spend a minimum of $335,000 on exploration on the tenements to meet minimum expenditure commitments required for the Department of Resources. At the completion of this expenditure, Newcrest Mining will transfer the tenement to R3D Resources at no cost. if R3D discovers more than 1M oz Au Equivalent (Eq), Newcrest may elect to "claw back" 75% of the project by spending three times R3D Resources' expenditure to-date. Alternatively, Newcrest may earn a 1.5 % to 2% NSR on future production by R3D with the rate depending on whether the head grade is above or below 1g/t Au Eq. Under the original agreement the expenditure commitments were to be met by the 21 November 2021. However due to increased demand for low frequency Helitem surveys in WA, R3D was not able to commission a survey covering the tenements until first half CY2022. R3D conducted a Falcon Gravity/Magnetic aerial survey over the western tenements including its separate Beefwood project in July/August 2021 and which has met the required expenditure for EPM 26740 and 26738. In respect of EPMS 26532, 26530, 26533 and 26531, Newcrest requested and has been granted the deferral of expenditure commitments for the 2021 year until 2022 by the Queensland Department of Resources. Meanwhile new targets emerging from the Falcon Gravity/Magnetic survey are currently being assessed and planning is underway for follow up exploration. The Company expects to outline these targets in early November.

Positive

Newcrest Mining Limited Announces Updates on Red Chris and Havieron Deliver Outstanding Growth and Infill Drilling Results

2021-10-27 21:38:00

Newcrest Mining Limited announced that At Red Chris, drilling continues to expand the known higher grade mineralisation intersected at East Ridge, with this new discovery adjacent to the East Zone continuing to return high grade intercepts, supporting the potential for resource growth. RC705^^ returned 254m @ 1.0g/t Au & 1.1% Cu from 718m, including 80m @ 1.6g/t Au & 1.4% Cu from 852m. This hole is located 100m above RC678 (previously reported) and demonstrates continuity over 300m vertically. RC727 returned 346m @ 1.1g/t Au & 0.79% Cu from 1,046m, including 56m @ 3.5g/t Au & 1.8% Cu from 1,336m. This hole is located 100m below RC688 (previously reported) and is the highest-grade intercept fromEast Ridge. As previously noted, East Ridge is located outside of Newcrest's Red Chris initial Mineral Resource estimate. Mineralisation remains open to the east and at depth, with ongoing drilling to define the extent. At Havieron, growth drilling continues to extend high grade mineralisation outside of the initial Inferred Mineral Resource extent, while infill results validate, and in some places upgrades, the current model interpretation. New growth drilling continues to assess the depth extents of the South East Crescent. New intercepts show an increase in both grade and thickness with increasing depth. HAD133W1^^ has returned 133m @ 7.0g/t Au & 0.05% Cu from 1,446m, including 55.9m @ 9.7g/t Au & 0.04% Cu from 1,449.5m, ~250m below the Inferred Mineral Resource extent. The SE Crescent now has a vertical extent of over 900m. Results received from infill drilling supportthe modelled grade and thickness within the South East Crescent zone Mineral Resource extents. The results also support the continuity of the high grade, and in some places upgrade the zone, as represented by HAD117W6 which returned 120.4m @ 10g/t Au & 0.66% Cu from 764.6m. This is the best gram metre intercept drilled to date at Havieron (Au_ppm x intercept length of 1,204 gram metres). Red Chris is a joint venture between Newcrest (70%) and Imperial Metals Corporation (30%) which is operated by Newcrest. The Brownfields Exploration program is focused on the discovery of additional zones of higher grade mineralization within the Red Chris porphyry corridor, including targets outside of Newcrest's initial Mineral Resource estimate.During the period, there were up to eight diamond drill rigs in operation. A further 29,388m of drilling has been completed from 24 drill holes, with all drill holes intersecting mineralisation (except twelve drill holes which were dedicated geotechnical holes). This contributed to a total of 196,074m of drilling from 161 drill holes since Newcrest acquired its interest in the joint venture in August 2019. At East Ridge, located adjacent to the East Zone, drilling is ongoing with 14 holes completed and six in progress. The follow up drilling is being completed on a nominal 100m x 100m grid to determine the footprint of the mineralisation and demonstrate the continuity of the higher grade mineralisation. Results for the reporting period include: RC705^^ (drilled 100m above of RC678 previously reported) returned 254m @ 1.0g/t Au & 1.1% Cu from 718m, including 80m @ 1.6g/t Au & 1.4% Cu from 852m. RC708^^ (drilled 100m above of RC700 previously reported) returned 232m @ 0.16g/t Au & 0.26% Cu from 754m. RC709^^ (drilled 100m west of RC678) returned 166m @ 0.4g/t Au & 0.49% Cu from 788m, including 30m @ 1.1g/t Au & 1.1% Cu from 902m. RC713^^ (drilled 100m above RC705) returned 190m @ 0.26g/t Au & 0.41% Cu from 574m, including 28m @ 0.57g/t Au & 0.74% Cu from 712m. RC718^^ (drilled 100m east of RC700^^ previouslyreported) returned 298m @ 0.33g/t Au & 0.45% Cu from 820m, including 52m @ 0.67g/t Au & 0.75% Cu from 1,062m. RC719 (drilled 100m above RC709 previously reported) returned 252m @ 0.26g/t Au & 0.36% Cu from 678m, including 10m @ 0.58g/t Au & 0.93% Cu from 732m; and RC727 (drilled 100m below RC688 previously reported) returned 346m @ 1.1g/t Au & 0.79% Cu from 1,046m, including 56m @ 3.5g/t Au & 1.8% Cu from 1,336m. Drilling to date has demonstrated continuity of the East Ridge zone (>0.4g/t Au and >0.4% Cu, >1g/t AuEq3) over dimensions of 400m high, 400m long and 125m wide, with the higher grade (>0.8g/t Au and >0.8% Cu, >2g/t AuEq3) over 300m high, 300m long and 100m wide. East Ridge is located 300m east of East Zone and is outside of Newcrest's initial Mineral Resource estimate, supporting the potential for resource growth over time. Mineralisation is open to the east and at depth and extends the eastern side of the porphyry corridor as shown in Figures 1 and 2. Follow-up drilling is in progress to further define the extent and continuity of this high grade mineralisation. A step out hole, RC701^^ drilled 700m east of East Ridge has extended the porphyry corridor beyond the limit of the East Ridge drilling. This hole returned 206m @ 0.2g/t Au & 0.49% Cu from 1,816m. The intercept is one of the deepest on the property. Drilling is planned for the zone between East Ridge and RC701 to search for additional high grade zones. Approximately 50,000m of growth-related drilling is planned this calendar year from eight drill rigs. Refer to Appendix 1 for additional information, and the Drillhole data table for all results reported during the period.

Neutral

Newcrest Mining Limited Provides Group Production Guidance for the Fiscal Year 2022

2021-10-27 21:28:00

Newcrest Mining Limited provided group production guidance for the fiscal year 2022. For the year, the company expects gold production to be in the range of 1,800,000 oz to 2,000,000 oz and copper production to be in the range of 125,000 tons to 130,000 tons.

Negative

Lisa Ali, Chief People & Sustainability Officer Leaves Newcrest Mining Limited

2021-10-27 21:28:00

Newcrest announced that Lisa Ali, the Company's Chief People & Sustainability Officer has decided to leave Newcrest and the process to select her successor has commenced.

Neutral

Newcrest Mining Limited to Report Q2, 2022 Results on Jan 28, 2022

2021-10-25 11:52:00

Newcrest Mining Limited announced that they will report Q2, 2022 results on Jan 28, 2022

Neutral

Newcrest Mining Limited to Report Q3, 2022 Results on Apr 28, 2022

2021-10-25 11:52:00

Newcrest Mining Limited announced that they will report Q3, 2022 results on Apr 28, 2022

Positive

Greatland Gold plc and Newcrest Mining Limited Advance to Stage 2 of the Juri Joint Venture

2021-10-19 06:04:00

Greatland Gold plc announced the Juri Joint Venture with Newcrest Mining Limited will advance to Stage 2 which marks an extension and potential acceleration of the Juri JV exploration programme in the highly prospective Paterson province of Western Australia. Highlights of the Juri JV: First phase of Juri JV drilling programme completed on the Paterson Range East and Black Hills tenements; Gold assays from first four assayed holes of Juri JV drill programme found mineralisation at the Saddle Reefs target within the Black Hills licence in an intersection of 3.5m at 1.88g/t Au from 226.5m and first gold identified at the GoliathProspect including a significant assay of 1.0m at 1.49g/t Au from 651m; Samples from the remaining holes have been delivered to the laboratory and assays are expected to be available around the beginning of November 2021; Ground Electro-Magnetic (Ground EM) survey is currently underway to further refine and model future Juri JV targets; Investment under the Juri JV could increase from AUD 3m to AUD 20m. Juri JV 2022 exploration programme expected to include: Drill testing conductors identified in the 2021 Ground EM survey; Drilling other targets not tested in the 2021 programme, including Tara and Tama in Paterson Range East; and Follow-up drilling on any results from this year's drilling programme Greatland will continue in the role of Manager for the Juri JV. The Juri JV comprises the Paterson Range East and Black Hills licences covering an area of approximately 249 square kilometres in the Paterson region of north-western Australia. Under the Farm-In announced on 30 November 2020, Newcrest has met the Stage 1 expenditure of A$3m and holds a 51% interest in the Juri JV with a right to earn up to a 75% interest in the licences covering the Juri JV by spending an additional A$17m of the Stage 2 Farm-In over three years. Greatland is the manager of the Juri JV. Newcrest has the right, but not the obligation, to be appointed Manager, starting 1 January 2022. Exploration work at the Juri JV licences is focussed on the discovery of intrusion related gold-copper deposits similar to Havieron, Telfer and Winu. The Stage 1 exploration programme comprised drilling and ground electromagnetic ("Ground EM") surveying. The drilling comprised nine holes for 4,958m testing five targets at the Goliath, Outamind and Los Diablos targets on the Paterson Range East licence and four holes at the Parlay and Saddle Reefs targets on the Black Hills licence. Gold assays have been received for the first four assayed holes of the programme, with results including 3.5m at 1.88g/t Au from 226.5m in BHD001 from the Saddle Reefs target within the Black Hills licence, and 1.0m at 1.49g/t Au from 651m in GOL001A at the Goliath Prospect. Assays for the remaining holes from Los Diablos, Parlay and Saddle Reef and sections of the Outamind hole expected to be available around the beginning of November 2021.

Positive

Newcrest Mining Limited Approves the Lihir Phase 14A Pre-Feasibility Study

2021-10-11 21:46:00

Newcrest Mining Limited announced that the Newcrest Board has approved the Lihir Phase 14A Pre-Feasibility Study (the Phase 14A Study), enabling the commencement of the Feasibility Study and Early Works Program. The Study focuses on extending the Phase 14 cutback and safely steepening the walls of the pit utilising civil engineering techniques to access existing Indicated Mineral Resources that would have otherwise been inaccessible through standard mining techniques. The Study integrates Phase 14A's future mine design and sequence into Lihir's mine plan and establishes the expected costs, schedule and sustainable production rate. The Feasibility Study is expected to be completed in the fourth quarter of fiscal year 2022, with the expenditures and study scope expected to include: Early Works expenditure of $47 million for fleet procurement and initial bench establishment Trial works for ground support anchors to validate design, costs and schedule. Additional drilling and test work to validate ore deposit knowledge. The Lihir Ore Reserves estimate has been updated to include the conversion of the Phase 14A Indicated Mineral. Resource to Probable Ore Reserves, increasing Lihir's Total Ore Reserves by 1Moz to 23Moz as at 30 June 2021. Mining of Phase 14A is expected to take place between fiscal year 2022 and fiscal year 2026. Ore mined from this Phase will replace lower grade ore feed to the processing plant, with an initial 13Mt of high and medium grade ore from Phase 14A planned to be fed between fiscal year 2022 and fiscal year 2026. Lower grade material will be stockpiled and fed progressively over the remaining LOM. This is expected to deliver an additional 965koz of gold production over the LOM. In addition, Newcrest has completed its Seepage Barrier Feasibility Study, which enables further definition of the expected construction costs and schedule. The findings from the project field trials indicate that the Seepage Barrier can be constructed using hydromill cutters and grouting methods. Approval of the Seepage Barrier Feasibility Study to move to Execution has been deferred until fiscal year 2023, in line with the findings of the Lihir Mine Optimisation Study (LMOS) which established that the eastern limits of Phases 16 and 17 could be moved further east, deferring the need for the Seepage Barrier by 18 months to second quarter of fiscal year 2026. Mining of Phase 14A is expected to take place from fiscal year 2022 to fiscal year 2026 and include: Total ex-pit mining of 34Mt, including 13Mt of high and medium grade ore at an average of 3g/t, which will displace lower grade ore (mostly stockpile) that would otherwise have been processed in the mill An uplift in the total mill feed grade and an additional 483koz of gold in feed and 400koz recovered gold over FY23 FY26. The Phase 14A design utilises civil engineering techniques, in conjunction with existing mining practices, to increase pit wall angles. The upper Argillic horizons without ground support typically have an unsupported slope angle of 45° which has been increased to 77° using soil anchors to provide stability. The soil anchors will be installed in the upper benches of the cutback to support the steeper wall angles in these areas. The slope angles of the lower benches will be similar to the existing walls in Phase 14. The increase in pit wall angle enables access to ore within the current permitted pit shell. The soil anchors provide ground support in the form of multi-strand anchors with shotcrete and/or high tensile wire mesh as face support in the Argillic and upper Epithermal zones.

Positive

Newcrest Mining Limited Announces Completion of Havieron Pre-Feasibility Study Stage 1

2021-10-11 21:44:00

Newcrest Mining Limited announced that the Havieron Pre-Feasibility Study Stage 1 (the Study) has been completed and the Newcrest Board has approved the progression of the Study to the Feasibility Stage. The Havieron Project (the Project) is located 45km east of Newcrest's existing Telfer operation and is a high grade, low capital intensity project with significant expansion potential. Newcrest has adopted a staged approach to the evaluation and development of Havieron aiming to deliver early production and cash flows from the project while work continues to define potential resource additions and assess growth targets. The benefit of existing processing capacity at Telfer and ongoing definitional drilling highlights the clear potential for a larger scale operation that will be further assessed during the Feasibility Stage. The Havieron Project is located on the traditional lands of the Martu people who hold exclusive possession native title rights to 130,000km of country in the Western Desert. The Indigenous Land Use Agreement with Western Desert Land Aboriginal Corporation, centred on the Telfer mine, extends to the Havieron project. The Project is operated by Newcrest under a Joint Venture Agreement with Greatland Gold plc (Greatland Gold). Completion of this Pre-Feasibility Study triggers Newcrest's entitlement to an additional 10% interest in the Joint Venture for a cumulative 70% Joint Venture interest. Newcrest has an option to acquire an additional 5% Joint Venture interest for fair market value, exercisable during the 12 months from 12 December 2021. The Havieron Feasibility Study is expected to be completed in the December 2022 Quarter. The Study considers only the Indicated Mineral Resource, which is a small portion of the existing resource inventory and excludes Inferred Mineral Resources. The Havieron Project has significant additional growth potential, including: Mineralisation open at depth and along strike: Extension of the SE Crescent Zone below the current Mineral Resource, where increasing grade and thickness of mineralisation has been observed in recent drilling Expansion of multiple higher-grade targets within the main Havieron NW corridor, including the Northern Breccia and NW Pod Potential for additional NW trending corridors including the Eastern Breccia; and Potential to discover additional mineralisation centres (at Havieron North, Zipa and Meco). In addition to the active testing of the above higher-grade targets, drilling continues in the northern and eastern breccia corridors to assess the bulk mining potential. The Havieron Feasibility Study is expected to be completed in the December 2022 Quarter and the study scope is expected to include: Completion of a further infill drilling program by end of CY21 to increase the Indicated Mineral Resource base for potential Ore Reserve expansion Completion of the growth drill program immediately below the Crescent Zone for potential Mineral Resource expansion Further investigation and optimisation of the Sub-Level Open Stoping (SLOS) design and sequence to include additional Inferred Mineral Resources that are currently being drilled with the aim of increasing resource confidence that Indicated Mineral Resources can support production rates of 3Mtpa or higher Initial assessment of future development options with further resource growth in the Northern and Eastern Breccia including evaluation of alternative, lower cost, mining methods. The Havieron Project is centred on a deep magnetic anomaly 45km east of Telfer in the Paterson Province on the traditional lands of the Martu people. The target is overlain by approximately 420m of post mineralisation Permian cover. Newcrest commenced drilling during mid-2019 and has progressively increased its drilling activities with up to eight drill rigs now in operation. The Martu people and the Western Desert Land Aboriginal Corporation (WDLAC) are key project stakeholders. The Martu hold exclusive possession native title rights and interests over more than 130,000 km of land, including to all points around the Telfer mine and Havieron Project. The Indigenous Land Use Agreement (ILUA) with WDLAC, centred on the Telfer mine, extends to the Havieron project. The Project has received the necessary regulatory approvals for the construction of a box cut, exploration decline and associated surface infrastructure, with these works formally commencing in January 2021. The Study has assessed the next stage of the Project which comprises the underground and surface development to establish the initial mining area at Havieron and ore processing modifications at Telfer. Mineralisation of gold and copper in the current Resource Model are within the South East (SE) Crescent and the Breccia zones. High grade gold mineralisation is associated with a massive sulphide zone termed the Crescent Zone which occurs on the margin of the Breccia zones. The Crescent Zone is characterised by a series of massive to semi-massive sulphide replacement units that have a subvertical dip and are best developed on the SE of the system forming as arcuate, crescent like geometry. The Breccias are still being defined through exploration drilling and early-stage evaluations will be completed to test the potential to develop additional mining fronts and utilise bulk mining methods. The SE Crescent Zone is 5-40m wide, extending 550m in length in unfolded section from the basement contact and defined over 900m vertically, tapering to ~300m in length and open at that depth. The SE Crescent Zone has been the focus of drilling and has been infilled to a nominal drill spacing of 50100m laterally (with at least part being= infilled to a 50m x 50m spacing to satisfy the requirements for an Indicated Mineral Resource), and 100m vertically. The Study assessed mining production methods including SLOS with mining rates of 2Mtpa to 3Mtpa and caving options up to 6Mtpa. Surface infrastructure studies were focused on the transportation of ore back to the Telfer processing plant with a range of options considered in early-stage evaluations including conveyor, rail, pipeline and truck haulage, with the latter adopted for the Ore Reserve case. Processing studies evaluated a modified Telfer process plant to accommodate the Havieron ore. The initial Ore Reserve case is based on a ~2Mtpa production rate from SLOS mining method limited to the Indicated Mineral Resources within the SE Crescent Zone. The Study demonstrates the potential to expand the Project and increase the mining rate to 3Mtpa or more based on the conversion of the current Inferred Mineral Resources and additional potential Mineral Resource growth from immediately below the Crescent Zone as seen in recent drill results. At the Northern Breccia, drilling has extended the mineralised breccia footprint around the Mineral Resource extents.

Positive

Newcrest Mining Limited Endorses the Red Chris Block Cave Pre-Feasibility Study

2021-10-11 21:41:00

Newcrest Mining Limited announced that the Newcrest Board has endorsed the Red Chris Block Cave Pre-Feasibility Study (the Study) and approved its progression to the Feasibility Stage. The Study confirms Newcrest's original investment thesis of unlocking the underground portion of this Tier 1 deposit by leveraging Newcrest's block caving expertise and developing the asset to become a mainstay of Newcrest's portfolio for decades to come. The Study is the first technical report issued by Newcrest on Red Chris since its acquisition of a 70% interest and operatorship in August 2019. Newcrest intends to release a National Instrument 43-101 (NI 43-101) technical report on Red Chris within 45 days of this release. The Study builds on Newcrest's experience and success with block cave developments in Australia, with the block cave mining method particularly well suited to the porphyry deposits found at Red Chris and throughout the Golden Triangle region of British Columbia. The Study underpins an initial Ore Reserve estimate of 8.1Moz Au and 2.2Mt Cu . The Study and ongoing drilling results indicate significant orebody optionality which will be further tested during the Feasibility Stage. Parallel studies to assess further upside are underway to consider the `early mining' of high grade pods located in the East Zone with the aim of generating additional cashflows prior to the completion of block cave construction, and accommodating the potential development of the new East Ridge discovery and further resource upside. Newcrest's experience at Cadia shows that orebodies of this type are unique and carry significant embedded optionality, providing opportunities for further value creation for shareholders over the mine life. The availability of hydro-generated grid power combined with the efficient, low cost, block cave mining method is expected to reduce the project's carbon footprint compared to other mining methods. The next major project milestone will be the Red Chris Block Cave Feasibility Study for the first of three Macro mining Blocks, MB1, which is expected to be completed in the second half of FY23. Potential Exploration Upside The Red Chris porphyry corridor has the potential to host multiple porphyry deposits as demonstrated by Newcrest's recent exploration success, including: Extending the known porphyry corridor 800m east of the Mineral Resource estimate. Discovery of East Ridge, which contains the best drill results to date outside of the East Zone. East Ridge has the potential to increase the resource base and provide additional mining fronts. A new higher grade zone has been discovered south west of the Main Zone that potentially could provide further mining optionality In addition, the Project contains a pipeline of early stage exploration targets within the surrounding exploration tenements and the nearby GJ property. The Red Chris Block Cave Feasibility Study for the implementation of MB1 is expected to be completed in the first half of CY23, with the study scope to include: Further optimisation of mill throughput rates, including for different resource growth scenarios Detailed block cave footprint design and scheduling focused on access infrastructure and MB1 Material handling system detailed design, including crusher, conveyor, and associated project infrastructure to support the LOM Processing plant optimisation and detailed design at a Feasibility Study level Design of the MB1 Tailings Impoundment Area (TIA) to Feasibility Study level and refinement of the TIA design for MB2 and MB3 Refinement and calibration of water balance and water quality models to enable better decision-making capabilities for the Project, and to mitigate impacts to the receiving environment. Enhancing water resource stewardship through optimisation of processes to minimise consumption and maximise reuse. Prioritised detailed design of the Operational Accommodation Complex to allow for early implementation. Design of the surface infrastructure to Feasibility Study level of detail. Further analysis and inclusion of next generation mining systems, including Single Pass Cave Establishment. (SPCE) and the use of electric power to offset diesel in the mining process. Finalisation of the contracting and procurement strategy for the Execution stage. Consolidation of all costs and schedules into a Feasibility Study financial estimate.

Neutral

Newcrest Mining Limited - Special Call

2021-10-07 03:02:00

Pre-Feasibility Studies Overview

Neutral

Newcrest Mining Limited - Shareholder/Analyst Call

2021-10-04 21:55:00

Annual General Meeting

Negative

Newcrest Mining Limited Announces Board Changes

2021-10-04 21:48:00

Newcrest Mining Limited announced that Mr. Peter Hay intends to retire as a Non-Executive Director and as Non-Executive Chairman of Newcrest, with effect from the close of Newcrest's Annual General Meeting (AGM) on 10 November 2021. Newcrest also announces that Mr. Peter Tomsett has been appointed as Non-Executive Chairman with effect from the close of Newcrest's AGM, subject to his re-election as a Non-Executive Director at the AGM. Mr. Tomsett was appointed to the Board as a Non-Executive Director in September 2018 and is a member of the Audit and Risk Committee, Safety and Sustainability Committee and the Nominations Committee. He has also been the Chairman and Managing Director of Kidston Gold Mines Ltd. and the Non-Executive Chairman of Equinox Minerals Ltd. and Silver Standard Resources Inc.

Neutral

The Bank of Nova Scotia, Scotiabank Mining Conference 2021, Nov 30, 2021 through Dec 02, 2021

2021-09-09 14:31:00

The Bank of Nova Scotia, Scotiabank Mining Conference 2021, Nov 30, 2021 through Dec 02, 2021.

Positive

Newcrest Mining Limited Provides Exploration Update

2021-09-08 22:59:00

Newcrest Mining Limited provided Exploration Update. At Red Chris, drilling continues to expand the higher grade mineralisation intersected at East Ridge, with this new discovery adjacent to the East Zone continuing to return high grade intercepts, supporting the potential for resource growth. RC705 returned 254m @ 1.0g/t Au & 1.1% Cu from 718m, including 80m @ 1.6g/t Au & 1.4% Cu from 852m. This hole is located 100m above RC678 (previously reported) and demonstrates continuity over 300m vertically. As noted in Newcrest's June 2021 Quarterly Exploration Report, East Ridge is located outside of Newcrest's Red Chris initial Mineral Resource estimate. Mineralisation remains open to the east and at depth, with ongoing drilling to define the extent. At Havieron, growth drilling continues to outline high grade mineralisation outside of the initial Inferred Mineral Resource estimate. HAD133W1 located in the South East Crescent, has returned 133m @ 7.0g/t Au & 0.05% Cu from 1,446m, including 55.9m @ 9.7g/t Au & 0.04% Cu from 1,449.5m, ~250m below the initial Inferred Mineral Resource estimate. Higher grade zones in the Northern Breccia to the north west of the initial Inferred Mineral Resource estimate were confirmed, with HAD140 returning 29.1m @ 9.7g/t Au & 0.29% Cu from 813.2m and HAD141 returning 87m @ 1.8g/t Au & 0.05% Cu from 1,328m including 17.8m @ 5.7g/t Au & 0.14% Cu from 1,378.5m. Red Chris - Significant results since the June 2021 Quarterly Exploration Report(1): RC705- 254m @ 1.0g/t Au & 1.1% Cu from 718m; including 182m @ 1.3g/t Au & 1.3% Cu from 764m; including 80m @ 1.6g/t Au & 1.4% Cu from 852m. RC709: 166m @ 0.4g/t Au & 0.49% Cu from 788m; including 54m @ 0.89g/t Au & 0.96% Cu from 894m; including 30m @ 1.1g/t Au & 1.1% Cu from 902m. RC718- 298m @ 0.33g/t Au & 0.45% Cu from 820m; including 52m @ 0.67g/t Au & 0.75% Cu from 1,062m; Havieron - Significant growth drilling results since the June 2021 Quarterly Exploration Report(2): HAD133W1- 133m @ 7.0g/t Au & 0.05% Cu from 1,446m; including 55.9m @ 9.7g/t Au & 0.04% Cu from 1,449.5m; HAD057W7- 23m @ 5.7g/t Au & 0.70% Cu from 613m; including 15m @ 8.6g/t Au & 0.96% Cu from 613m; 70m @ 2.2g/t Au & 0.03% Cu from 906m; including 12.8m @ 5.3 g/t Au & 0.02% Cu from 962.7m. HAD140- 29.1m @ 9.7g/t Au & 0.29% Cu from 813.2m. HAD141- 87m @ 1.8g/t Au & 0.05% Cu from 1,328m; including 17.8m @ 5.7g/t Au & 0.14% Cu from 1,378.5m. The Havieron Project is operated by Newcrest under a Joint Venture Agreement with Greatland Gold.

Neutral

Newcrest Mining Limited Presents at 2021 Precious Metals Summit Beaver Creek, Sep-08-2021

2021-09-05 02:51:00

Newcrest Mining Limited Presents at 2021 Precious Metals Summit Beaver Creek, Sep-08-2021 . Venue: Park Hyatt Beaver Creek, Beaver Creek, Colorado, United States.

Positive

Newcrest Mining Limited, 0.5519525 (AUD), Cash Dividend, Aug-26-2021

2021-08-19 00:00:00

Newcrest Mining Limited, 0.5519525 (AUD), Cash Dividend, Aug-26-2021

Neutral

Tranche Update on Newcrest Mining Limited (ASX:NCM)'s Equity Buyback Plan announced on February 19, 2008.

2021-08-18 23:11:00

From July 1, 2020 to June 30, 2021, the company has repurchased 500,000 shares, representing 0.06% for AUD 12.21 million. With this, the company has completed the repurchase of 3,756,629 shares, representing 0.78% for AUD 121.13 million under the buyback announced on February 19, 2008.

Positive

Newcrest Mining Limited Approves Cadia PC1-2 Pre-Feasibility Study, Enabling the Commencement of the Feasibility Stage and Early Works Program

2021-08-18 23:07:00

Newcrest Mining Limited announced that the Newcrest Board has approved the Cadia PC1-2 Pre-Feasibility Study (the Study), enabling the commencement of the Feasibility Stage and Early Works Program. The Study updates and defines a significant portion of Cadia's future mine plan, with the development of PC1-2 accounting for ~20% of Cadia's current Ore Reserves. The approved commencement of the Early Works Program will allow critical infrastructure to be established in parallel with the Feasibility Study, before the commencement of the Main Works program in the second half of Calendar Year 2022. AUD 120 million of funding has been approved for this Early Works Program which is expected to commence in the December 2021 quarter. The actual IRR of the Project will vary according to the gold and copper prices realised. Base case assumptions include a gold price of USD 1,500 per ounce, copper price of USD 3.30 per pound, and an AUD:USD exchange rate of 0.75. Cadia presently holds a major Project Approval for the Cadia East Project until Calendar Year 2031 (inclusive of the permit to develop PC1-2). Newcrest is currently engaging with the NSW Department of Planning, Industry and Environment (DPIE) with respect to Newcrest's request for a modification to the existing approval to allow for an increased production rate above 32mtpa. The Cadia East Mineral Resource has been updated from that reported in the Annual Mineral Resources and Ore Reserves Statement as of 31 December 2020. The update includes mining depletion to 30 June 2021 and the incorporation of a revised resource estimate. The Cadia gold copper deposits are hosted by a late Ordovician to early Silurian shoshonitic volcano-intrusive complex which forms part of the larger zone of arc-related volcanic and associated intrusive rocks in the eastern Lachlan Fold Belt. Mineralisation at Cadia is hosted by the mid to late Ordovician Forest Reefs Volcanics and the underlying Weemalla Formation and by the late Ordovician early Silurian Cadia Intrusive Complex. Post-mineral cover comprises Silurian Cadia Coach Shale and a relatively thin capping of Tertiary basalts and gravels in some areas. Recognised structural controls include the regional northwest corridor - dilation zone thought to control the emplacement of the Cadia Intrusive Complex and post-mineral faulting in two dominant orientations striking northwest and north-south. The Cadia East deposit is hosted within the Forest Reef Volcanics and porphyry intrusions. A north-east trending mass of narrow sheet like dykes of monzonitic to dioritic compositions intrude the lower parts of the FRV at Cadia East. These intrusives are largely restricted to the eastern half of the deposit although some narrow dykes and isolated bodies of monzonite have been recognised in the western end. At the upper western end of the deposit immediately underneath the Gibb Fault, isolated narrow intersections have been identified with south dipping mineralised quartz veining. These occurrences are interpreted to be the Cadia Hill Monzonite. Mineralisation at Cadia East can be divided into two broad overlapping zones: an upper, copper rich disseminated zone and a deeper gold-rich zone associated with sheeted veins. The upper zone forms a relatively small cap to the overall mineralised envelope and has a core of disseminated chalcopyrite, capped by chalcopyrite-pyrite mineralisation. The upper zone mineralisation is stratigraphically controlled within the volcaniclastic unit. This zone is transitional to the deeper vein style mineralization. The deeper zone is localised around a core of steeply dipping sheeted quartz-calcite-bornite-chalcopyrite-molybdenite, with the highest gold grades associated with the bornite- bearing veins. Copper and molybdenite form a mineralised blanket above and to the east of the higher-grade gold envelope. The geology model for the Cadia East deposit includes lithology, alteration, and structural faults. Modelling of the fault planes and lithological boundaries comprises data obtained from drill core and underground mapping. The major faults are used as estimation domains, with semi-soft boundaries. The factor most influencing grade continuity is that Cadia East is a porphyry copper-gold mineralisation exhibiting properties of the diffusion model.

Positive

Newcrest Mining Limited Approves Final Dividend, Payable on September 30, 2021

2021-08-18 22:47:00

Newcrest Mining Limited's board has approved a final dividend of 40 US cents per share, which is 129% higher than last year’s final dividend. The record date for entitlement is 27 August 2021. The dividend is paid on 30 September 2021. Ex-Dividend Date is 26 August 2021.

Neutral

Newcrest Mining Limited, 2021 Earnings Call, Aug 19, 2021

2021-07-21 18:02:00

Newcrest Mining Limited, 2021 Earnings Call, Aug 19, 2021

Neutral

Newcrest Mining Limited, Annual General Meeting, Nov 10, 2021

2021-07-14 13:45:00

Newcrest Mining Limited, Annual General Meeting, Nov 10, 2021, at 10:30 AUS Eastern Standard Time. Agenda: To receive and consider the Company's financial statements and the reports of the Directors and the Auditor for the year ended 30 June 2021; to consider election and re-election of directors; to consider grant of performance rights to Managing Director and Chief Executive Officer; to consider remuneration report; and to consider termination benefits.

Neutral

Newcrest Mining Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 08:10 AM

2021-06-30 19:09:00

Newcrest Mining Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 08:10 AM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Fraser MacCorquodale, General Manager of Exploration.

Negative

Newcrest Mining Limited Appoints Jane McAloon as an Independent Non-Executive Director and Member of the Human Resources and Remuneration Committee, Effective on 1 July 2021

2021-06-23 22:31:00

Newcrest Mining Limited announced the appointment of Jane McAloon as an independent Non-Executive Director and a member of the Human Resources and Remuneration Committee, effective from 1 July 2021. Ms. McAloon has extensive experience in the resources, energy, infrastructure and utilities industries. She spent 9 years as Group Company Secretary at BHP, including 2 years on the Group Management Committee as President Governance. Prior to that, Ms. McAloon was Group Manager, Corporate & External Services & Company Secretary at AGL, had leadership roles with the NSW Government and worked in private legal practice. Ms. McAloon is a Non-Executive Director of United Malt Group and Home Consortium. She is also on the Board of Allianz Australia and Energy Australia. She is Chairman of the Monash University Foundation and an independent member of Allens' Advisory Board. She is retiring shortly from the Board of Viva Energy.

Positive

Newcrest Mining Limited Announces at Red Chris, Drilling Continues to Expand the Higher Grade Mineralisation Intersected At East Ridge and in the Main Zone

2021-06-09 22:57:00

Newcrest Mining Limited announced at Red Chris, drilling continues to expand the higher grade mineralisation intersected at East Ridge and in the Main Zone: Red Chris is a joint venture between Newcrest (70%) and Imperial Metals Corporation (30%). Newcrest acquired its interest in, and operatorship of, Red Chris on 15 August 2019. The Brownfields Exploration program is focused on the discovery of additional zones of higher grade mineralization within the Red Chris porphyry corridor including targets outside of Newcrest's Mineral Resource estimate. During the period, there were up to eight diamond drill rigs in operation. A further 15,342m of drilling has been completed from 11 drill holes, with all drill holes intersecting mineralisation (except two which were dedicated geotechnical holes). This contributed to a total of 136,631m of drilling from 111 drill holes since Newcrest acquired its interest in the joint venture. At East Ridge, located adjacent to the East Zone, Newcrest has discovered a new zone of higher grade mineralisation, with previously reported hole RC678^^ returning 198m @ 0.89g/t Au & 0.83% Cu from 800m, including 76m @ 1.8g/t Au and 1.5% Cu from 908m. The style of mineralisation and grade tenor is similar to that seen in the high grade pods from the East Zone. Final results from follow-up drill hole RC684 drilled 100m down dip of RC678 returned 252m^ @ 0.46g/t Au & 0.53% Cu from 814m, including 98m^ @ 0.85g/t Au & 0.86% Cu from 962m. This hole demonstrates the continuity of the East Ridge zone over 100m vertically. Results from follow-up drill hole RC688 drilled 100m east of RC678 returned 344m @ 0.70g/t Au & 0.75% Cu from 776m including 170m @ 1.1g/t Au & 1.1% Cu from 892m. This hole demonstrates the continuity of the East Ridge zone over 100m horizontally. East Ridge is located 300m east of East Zone and outside of Newcrest's Red Chris Mineral Resource estimate, and it supports the potential for resource growth over time. Mineralisation is open and extends the eastern side of the porphyry corridor as shown in Figures 1 and 2. Follow-up drilling to further define the extent and continuity of this high grade mineralisation continues. In the Main Zone, drilling has confirmed the potential for further higher grade mineralisation which could support additional mining fronts, beneath and to the south west of the open pit. Results from RC679^^ (previously reported), which followed up historic results south west of the Main Zone pit, returned 456m^^ @ 0.37g/t Au & 0.42% Cu from 418m, including 98m^^ @ 0.71g/t Au & 1.0% Cu from 440m. Results from follow-up drill hole RC683 drilled 100m east of RC679 returned 300m @ 0.41g/t Au & 0.51% Cu from 260m, including 114m @ 0.67g/t Au & 0.85% Cu from 390m. This hole demonstrates the continuity of the higher grade mineralisation over 100m horizontally. The mineralisation is located within Newcrest's Mineral Resource estimate. Drilling to define the extent and continuity of this high grade mineralisation is planned. Approximately 50,000m of growth-related drilling is planned this calendar year with the increase to eight drill rigs in April 2021. Further drilling of the East Ridge is underway to define the extent of the mineralisation. Further targets along the porphyry corridor and neighbouring GJ property have been identified with the potential to conduct drilling to test these targets in the future. Currently, all drill rigs are operational on the growth drilling program with a focus on the South East Crescent depth extensions below 4,200mRL, the north west extensions of the Northern Breccia Zone and higher grade crescent-like mineralised zones. The intent of this drilling is to support the potential expansion of the existing Inferred Mineral Resource estimate. Drill testing and interpretation of the geological and mineralisation controls of the Eastern Breccia Zone is ongoing. Further targets outside of Havieron, but within the joint venture area with Greatland Gold, have been identified with the potential to conduct drilling to test these targets in the future. The Wilki Project covers a strategic landholding of ~2,200km2 surrounding the Telfer operation and is also in close proximity to the Havieron Project. Newcrest entered into this exploration farm-in and joint venture agreement with Antipa Minerals Limited on 11 March 2020. During the period, Newcrest participated in Antipa's share placements to maintain its 9.9% shareholding. Exploration activity during the period included the re-interpretation and validation of anomalies generated from the previously reported Airborne Electromagnetic Survey (AEM) completed in current year 2020. Prioritisation of targets for the current year 2021 drill program has been completed utilising the AEM anomalies and other datasets including magnetics and geochemistry. It is anticipated that the field program for the CY21 field season including drill testing will commence in June 2021.

Neutral

Newcrest Mining Limited Presents at Bank of America Global Metals, Mining & Steel Virtual Conference 2021, May-18-2021 06:20 AM

2021-05-17 20:17:00

Newcrest Mining Limited Presents at Bank of America Global Metals, Mining & Steel Virtual Conference 2021, May-18-2021 06:20 AM.

Fundamental Summary

Our analysis of Newcrest Mining Limited's expected performance in the next quarter is based on a thorough AI-powered analysis of the Company's income statement, balance sheet, & statement of cash flows. Moreover, numerous particular general factors and ratios are also utilized and included. First, assessing the balance sheet factors did not outperform the market benchmark. Next, the income statement performance metrics performed quite similarly to the market benchmark in the above time frame. Moreover, cash flow parameters did not keep up with market benchmarks. Fourth, the most historically impactful financial ratios indicate that in the current market the company's growth will not keep up with market benchmarks. All in all, our assessment of Newcrest Mining Limited warranted the cumulative strength of 56.

Newcrest Mining Limited reported production results for the three months and year to date ended 31 December 2021. For the three months, the company reported group production – gold of 436,085 oz. Group production of copper was 26,418 tons. Group production of silver was 187,677 oz. For the year to date, the company reported group production – gold of 832,298 oz compared to 1,038,566 oz for the same period a year ago. Group production of copper was 50,945 tons compared to 69,320 tons for the same period a year ago. Group production of silver was 362,232 oz compared to 445,181 oz for the same period a year ago.

Business Description

Newcrest Mining Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and gold/copper concentrates. It is also involved in the exploration and production of silver deposits. The company primarily owns and operates mines and projects located in Cadia, Telfer, and Havieron, Australia; Lihir and Wafi-Golpu, Papua New Guinea; Red Chris in British Columbia, Canada; and Fruta Del Norte, Ecuador. Newcrest Mining Limited was founded in 1966 and is headquartered in Melbourne, Australia.

Sector Overview

Newcrest Mining Limited is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Newcrest Mining Limited's industry and sector affiliation are not expected to particularly benefit, nor be weighed down by macroeconomic factors at this time.

Fundamental Highlights


Parameter Value Change Score
Assets 14,446.0 -2% 72
Capital Expenditure -1,391.0 -16% 62
Cash & Equivalents 1,231.0 -34% 47
Equity 9,982.0 -1% 46
Liabilities 4,464.0 -3% 86
EBITDA 1,902.0 -20% 45
Total Revenues 4,119.0 -10% 96
Parameter Value Change Score
Free Cashflow 0.43 -68% 48
Cashflow -513.0 -222% 57
Asset Turnover 0.29 -13% 54
Price to Book 1.55 2% 78
Return on Equity 9.28 -25% 47

* All values are TTM

The below chart reflects Newcrest Mining Limited's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Newcrest Mining Limited's peer average final assessment score stands on 68, Newcrest Mining Limited's score is 56.

  •  NCM
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow General Factors Rating Final Assessment mc_sort Hidden
BHP Group Limited 232.0B 80 60 78 79
Hold
77
77 0 1
Fortescue Metals Group Limited 59.7B 77 61 70 74
Hold
67
67 1 1
South32 Limited 20.4B 82 68 77 88
Buy
82
82 2 1
Mineral Resources Limited 10.2B 77 59 84 82
Hold
77
77 3 1
Northern Star Resources Limited 9.9B 57 55 67 80
Underperform
57
57 4 1
BlueScope Steel Limited 8.2B 85 76 47 68
Hold
72
72 5 1
IGO Limited 8.0B 51 88 80 51
Hold
71
71 6 1
Lynas Rare Earths Limited 7.8B 70 68 74 74
Hold
71
71 7 1
Pilbara Minerals Limited 7.4B 46 51 70 86
Underperform
58
58 8 1
OZ Minerals Limited 7.2B 73 61 78 79
Hold
75
75 9 1
Allkem Limited 7.1B 55 58 77 80
Hold
65
65 10 1
Evolution Mining Limited 6.3B 80 71 52 41
Hold
64
64 11 1
Alumina Limited 4.7B 52 81 70 75
Hold
70
70 12 1
Iluka Resources Limited 4.2B 76 54 79 84
Hold
69
69 13 1
OZ Minerals Holdings Pty Ltd 4.0B 76 69 50 65
Hold
73
73 14 1
Coronado Global Resources Inc. 3.7B 91 66 84 85
Buy
85
85 15 1
Andean Resources Ltd. 3.7B 70 88 43 90
Buy
86
86 16 1
Sims Limited 3.6B 66 65 88 88
Hold
74
74 17 1
Champion Iron Limited 3.5B 56 57 59 71
Underperform
58
58 18 1
Nickel Mines Limited 3.1B 51 63 72 52
Underperform
56
56 19 1
Zimplats Holdings Limited 3.1B 75 74 77 50
Hold
71
71 20 1
AVZ Minerals Limited 2.8B 91 76 63 43
Hold
76
76 21 1
Liontown Resources Limited 2.7B 84 83 62 69
Buy
84
84 22 1
Perseus Mining Limited 2.1B 57 67 80 71
Hold
64
64 23 1
Sandfire Resources Limited 2.0B 80 67 78 74
Buy
79
79 24 1
Core Lithium Ltd 2.0B 82 68 64 79
Hold
76
76 25 1
Chalice Mining Limited 1.9B 57 84 54 62
Hold
67
67 26 1
De Grey Mining Limited 1.4B 71 43 78 67
Underperform
54
54 27 1
Grange Resources Limited 1.4B 65 66 77 64
Hold
65
65 28 1
Regis Resources Limited 1.4B 75 64 60 41
Hold
61
61 29 1
Silver Lake Resources Limited 1.4B 67 72 61 42
Hold
62
62 30 1
Capricorn Metals Ltd 1.3B 85 64 83 91
Buy
83
83 31 1
Piedmont Lithium Inc. 1.2B 53 65 57 70
Underperform
56
56 32 1
Western Areas Limited 1.2B 67 69 76 91
Hold
75
75 33 1
West African Resources Limited 1.2B 83 61 77 59
Hold
69
69 34 1
Jervois Global Limited 1.2B 64 62 49 81
Hold
61
61 35 1
Syrah Resources Limited 1.1B 46 51 57 80
Underperform
46
46 36 1
Gold Road Resources Limited 1.1B 63 73 57 48
Hold
63
63 37 1
Ramelius Resources Limited 1.1B 76 71 63 41
Hold
66
66 38 1
Mincor Resources NL 1.0B 77 81 56 65
Hold
74
74 39 1
ioneer Ltd 1.0B 83 73 49 56
Hold
70
70 40 1
Vulcan Energy Resources Limited 934.7M 73 78 67 73
Hold
77
77 41 1
St Barbara Limited 934.0M 57 77 50 54
Underperform
59
59 42 1
Imdex Limited 915.8M 71 63 72 71
Hold
71
71 43 1
Equigold NL 854.0M 61 55 92 66
Hold
66
66 44 1
Bellevue Gold Limited 840.6M 55 79 56 90
Hold
72
72 45 1
Red 5 Limited 789.4M 45 78 62 66
Hold
60
60 46 1
Mount Gibson Iron Limited 780.8M 50 82 68 60
Hold
65
65 47 1
Neometals Ltd 767.7M 58 78 59 59
Hold
64
64 48 1
Australian Strategic Materials Ltd 733.8M 53 78 71 68
Hold
67
67 49 1
Boart Longyear Group Ltd. 728.0M 61 77 65 67
Hold
69
69 50 1
Emerald Resources NL 623.8M 64 63 84 87
Hold
71
71 51 1
Westgold Resources Limited 620.3M 56 71 61 51
Underperform
56
56 52 1
OM Holdings Limited 618.8M 87 71 81 86
Buy
86
86 53 1
Alkane Resources Limited 533.0M 80 70 66 69
Hold
74
74 54 1
Arafura Resources Limited 519.4M 66 63 77 55
Hold
63
63 55 1
Panoramic Resources Limited 492.2M 59 75 69 60
Hold
65
65 56 1
Hastings Technology Metals Limited 486.9M 68 70 84 65
Hold
67
67 57 1
Perenti Global Limited 486.9M 70 71 78 74
Hold
77
77 58 1
Centaurus Metals Limited 457.0M 61 49 65 84
Underperform
56
56 59 1
Metals X Limited 453.6M 69 90 74 69
Buy
83
83 60 1
BCI Minerals Limited 452.3M 71 73 59 53
Hold
66
66 61 1
Pantoro Limited 433.1M 62 85 69 77
Buy
78
78 62 1
Jupiter Mines Limited 421.2M 53 78 55 68
Hold
67
67 63 1
Aurelia Metals Limited 420.6M 63 63 68 50
Underperform
56
56 64 1
Galan Lithium Limited 420.1M 59 73 76 89
Hold
76
76 65 1
Talga Group Ltd 399.5M 54 65 51 61
Underperform
53
53 66 1
Magnis Energy Technologies Limited 386.6M 61 54 80 83
Hold
67
67 67 1
Genesis Minerals Limited 353.1M 68 65 61 69
Hold
68
68 68 1
Macmahon Holdings Limited 346.7M 68 71 68 48
Hold
65
65 69 1
Base Resources Limited 343.3M 62 57 57 56
Underperform
54
54 70 1
Resolute Mining Limited 331.2M 50 74 89 57
Hold
66
66 71 1
Lotus Resources Limited 325.5M 55 75 65 94
Hold
76
76 72 1
Global Lithium Resources Limited 319.0M 60 63 78 80
Hold
68
68 73 1
Magnetic Resources NL 317.4M 72 82 74 61
Hold
76
76 74 1
Arizona Lithium Limited 312.6M 59 75 68 89
Hold
75
75 75 1
Andromeda Metals Limited 307.1M 59 52 62 75
Underperform
59
59 76 1
Kingsgate Consolidated Limited 306.5M 78 84 64 57
Hold
78
78 77 1
GR Engineering Services Limited 306.3M 64 80 83 79
Buy
78
78 78 1
Newfield Resources Limited 300.8M 67 64 62 73
Hold
68
68 79 1
Predictive Discovery Limited 281.8M 53 68 50 79
Hold
62
62 80 1
Challenger Exploration Limited 271.1M 46 74 60 90
Hold
66
66 81 1
Aeris Resources Limited 263.4M 64 60 73 76
Hold
67
67 82 1
Sunrise Energy Metals Limited 245.9M 79 70 74 43
Hold
63
63 83 1
Silver Mines Limited 232.5M 71 66 68 52
Hold
64
64 84 1
OreCorp Limited 219.4M 80 58 68 50
Hold
65
65 85 1
Tribune Resources Limited 212.0M 77 54 83 53
Hold
65
65 86 1
Poseidon Nickel Limited 199.2M 77 71 72 75
Buy
78
78 87 1
Rumble Resources Limited 198.5M 62 69 67 63
Hold
65
65 88 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Newcrest Mining Limited's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Newcrest Mining Limited's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 47.

Bearish 47
Close Price 24.58
52W Low 21.5
52W High 28.84
5D MA 25.04
50D MA 26.73
200D MA 24.9
MACD -0.55
RSI 17.16
STOCH 0.0

Balance Sheet Analysis

Probing the balance sheet pointed to certain key metrics that typically have the greatest effect on company performance in the next 3 months or longer. Typically, the balance sheet factors do contribute up to 28.5% of the chances of a company to over-perform in the course of the coming months. Particularly, looking closer at their debt service capabilities reveals quite unimpressive momentum related to cash and cash equivalents. Statistically, the debt service capabilities factors impact up to 15.2% of the probability that a company will over-perform. In addition, Newcrest Mining Limited's assets conveys slightly above average momentum related to assets changes. A company's assets are responsible for up to 4.0% of the likelihood that a company will beat its benchmark. Third, Newcrest Mining Limited's debt structure forecasts solid results going into liabilities movement. Statistically, the debt structure factors influence approximately up to 4.0% of a company's likelihood to beat its benchmark. Fourth, the company's indicates unremarkable results going into shareholders' equity and intangible assets adjustments. Intangible assets and technical changes will influence up to 5.3% of the probability that a company will over-perform throughout the near term. Our cumulative ranking of their balance sheet deserved the ranking of 54.

Parameter Value Change Score
Assets 14,446.0 -2% 72
Capital Expenditure -1,391.0 -16% 62
Cash & Equivalents 1,231.0 -34% 47
Equity 9,982.0 -1% 46
Liabilities 4,464.0 -3% 86
* All values are TTM

The below chart describes Newcrest Mining Limited's performance as reflected on its balance sheet with respect to its peers. While Newcrest Mining Limited received a balance sheet score of 54, the average of its peers stands on 66.

  •  NCM
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Capital Expenditure Growth Balance Sheet mc_sort Hidden
BHP Group Limited 232.0B 59 76 67 87 81 80 0 1
Fortescue Metals Group Limited 59.7B 62 72 84 72 66 77 1 1
South32 Limited 20.4B 72 73 81 79 83 82 2 1
Mineral Resources Limited 10.2B 46 60 92 82 47 77 3 1
Northern Star Resources Limited 9.9B 88 70 57 47 54 57 4 1
BlueScope Steel Limited 8.2B 62 74 86 90 56 85 5 1
IGO Limited 8.0B 45 37 81 41 64 51 6 1
Lynas Rare Earths Limited 7.8B 75 60 78 61 75 70 7 1
Pilbara Minerals Limited 7.4B 40 37 66 40 74 46 8 1
OZ Minerals Limited 7.2B 85 71 73 70 65 73 9 1
Allkem Limited 7.1B 49 63 43 64 69 55 10 1
Evolution Mining Limited 6.3B 46 60 77 96 59 80 11 1
Alumina Limited 4.7B 48 69 49 46 75 52 12 1
Iluka Resources Limited 4.2B 77 67 88 71 51 76 13 1
OZ Minerals Holdings Pty Ltd 4.0B 83 62 50 97 84 76 14 1
Coronado Global Resources Inc. 3.7B 59 61 90 95 96 91 15 1
Andean Resources Ltd. 3.7B 71 37 62 97 55 70 16 1
Sims Limited 3.6B 86 71 84 48 54 66 17 1
Champion Iron Limited 3.5B 88 43 88 41 41 56 18 1
Nickel Mines Limited 3.1B 50 42 65 44 82 51 19 1
Zimplats Holdings Limited 3.1B 78 69 69 77 61 75 20 1
AVZ Minerals Limited 2.8B 99 58 83 98 75 91 21 1
Liontown Resources Limited 2.7B 43 58 83 97 75 84 22 1
Perseus Mining Limited 2.1B 79 57 73 43 60 57 23 1
Sandfire Resources Limited 2.0B 41 64 88 87 63 80 24 1
Core Lithium Ltd 2.0B 37 58 83 94 75 82 25 1
Chalice Mining Limited 1.9B 98 77 38 46 85 57 26 1
De Grey Mining Limited 1.4B 44 52 80 71 75 71 27 1
Grange Resources Limited 1.4B 52 69 50 72 75 65 28 1
Regis Resources Limited 1.4B 39 60 84 78 74 75 29 1
Silver Lake Resources Limited 1.4B 66 61 63 72 63 67 30 1
Capricorn Metals Ltd 1.3B 66 61 82 92 81 85 31 1
Piedmont Lithium Inc. 1.2B 91 75 39 45 66 53 32 1
Western Areas Limited 1.2B 59 56 77 59 81 67 33 1
West African Resources Limited 1.2B 92 58 82 92 41 83 34 1
Jervois Global Limited 1.2B 51 58 42 91 38 64 35 1
Syrah Resources Limited 1.1B 63 74 38 45 42 46 36 1
Gold Road Resources Limited 1.1B 83 71 57 64 53 63 37 1
Ramelius Resources Limited 1.1B 89 68 75 75 63 76 38 1
Mincor Resources NL 1.0B 58 74 78 56 42 77 39 1
ioneer Ltd 1.0B 98 58 82 87 53 83 40 1
Vulcan Energy Resources Limited 934.7M 39 56 82 75 75 73 41 1
St Barbara Limited 934.0M 77 68 53 48 69 57 42 1
Imdex Limited 915.8M 59 69 83 61 79 71 43 1
Equigold NL 854.0M 55 46 88 50 72 61 44 1
Bellevue Gold Limited 840.6M 68 52 56 69 90 55 45 1
Red 5 Limited 789.4M 47 46 39 54 48 45 46 1
Mount Gibson Iron Limited 780.8M 94 75 39 41 58 50 47 1
Neometals Ltd 767.7M 97 76 46 49 69 58 48 1
Australian Strategic Materials Ltd 733.8M 44 69 54 45 75 53 49 1
Boart Longyear Group Ltd. 728.0M 86 78 38 59 82 61 50 1
Emerald Resources NL 623.8M 50 60 81 50 81 64 51 1
Westgold Resources Limited 620.3M 76 63 57 46 69 56 52 1
OM Holdings Limited 618.8M 85 70 85 82 91 87 53 1
Alkane Resources Limited 533.0M 44 59 84 89 67 80 54 1
Arafura Resources Limited 519.4M 68 62 52 92 50 66 55 1
Panoramic Resources Limited 492.2M 76 74 42 56 80 59 56 1
Hastings Technology Metals Limited 486.9M 68 64 53 85 45 68 57 1
Perenti Global Limited 486.9M 60 76 51 79 87 70 58 1
Centaurus Metals Limited 457.0M 62 59 43 92 69 61 59 1
Metals X Limited 453.6M 90 76 51 69 70 69 60 1
BCI Minerals Limited 452.3M 86 72 60 69 75 71 61 1
Pantoro Limited 433.1M 62 65 62 56 77 62 62 1
Jupiter Mines Limited 421.2M 60 74 45 41 99 53 63 1
Aurelia Metals Limited 420.6M 85 67 61 59 53 63 64 1
Galan Lithium Limited 420.1M 68 61 41 92 52 59 65 1
Talga Group Ltd 399.5M 91 76 38 45 75 54 66 1
Magnis Energy Technologies Limited 386.6M 75 59 44 95 63 61 67 1
Genesis Minerals Limited 353.1M 68 81 48 49 63 68 68 1
Macmahon Holdings Limited 346.7M 47 61 73 79 46 68 69 1
Base Resources Limited 343.3M 65 71 43 72 82 62 70 1
Resolute Mining Limited 331.2M 75 79 45 46 56 50 71 1
Lotus Resources Limited 325.5M 53 66 39 81 42 55 72 1
Global Lithium Resources Limited 319.0M 80 54 40 91 65 60 73 1
Magnetic Resources NL 317.4M 69 79 52 58 82 72 74 1
Arizona Lithium Limited 312.6M 68 56 44 92 65 59 75 1
Andromeda Metals Limited 307.1M 70 61 44 78 93 59 76 1
Kingsgate Consolidated Limited 306.5M 53 75 97 43 90 78 77 1
GR Engineering Services Limited 306.3M 67 58 59 81 90 64 78 1
Newfield Resources Limited 300.8M 68 68 45 92 74 67 79 1
Predictive Discovery Limited 281.8M 67 52 48 56 93 53 80 1
Challenger Exploration Limited 271.1M 64 41 56 48 56 46 81 1
Aeris Resources Limited 263.4M 63 67 47 79 65 64 82 1
Sunrise Energy Metals Limited 245.9M 69 85 57 56 50 79 83 1
Silver Mines Limited 232.5M 72 70 61 62 52 71 84 1
OreCorp Limited 219.4M 68 78 78 55 65 80 85 1
Tribune Resources Limited 212.0M 70 77 59 83 53 77 86 1
Poseidon Nickel Limited 199.2M 69 65 78 90 83 77 87 1
Rumble Resources Limited 198.5M 68 61 61 53 65 62 88 1

Income Statement Analysis

Examination of the changes in the company's income statement underscored the importance of several specific numbers that provide some of the most meaningful signals into forecasting performance for the upcoming quarter. First, analysis of the company's net income reveals weak sentiment related to earnings movement. Typically, the company's net income influences 43.9% of the likelihood that the company will over perform its benchmark Second, the company's cost of sales shows modest momentum going into capital expenditure growth. Historically, the Company's cost of sales affect roughly 20.0% of a company's likelihood to beat its benchmark performance. Reviewing Newcrest Mining Limited's revenue indicates exceptional momentum with respect to revenue momentum. Revenue momentum can affect up to 23.9% of the probability that the company will over-perform its benchmark for the next quarter. Therefore, our rating of their income statement received a weighted score of 72.

Parameter Value Change Score
EBITDA 1,902.0 -20% 45
Total Revenues 4,119.0 -10% 96
* All values are TTM

The below chart describes Newcrest Mining Limited's performance as reflected on its income statement with respect to its peers. While Newcrest Mining Limited received a income statement score of 72 , the average of its peers stands on 68.

  •  NCM
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Income Statement mc_sort Hidden
BHP Group Limited 232.0B 46 80 60 0 1
Fortescue Metals Group Limited 59.7B 52 73 61 1 1
South32 Limited 20.4B 46 94 68 2 1
Mineral Resources Limited 10.2B 43 83 59 3 1
Northern Star Resources Limited 9.9B 48 65 55 4 1
BlueScope Steel Limited 8.2B 86 72 76 5 1
IGO Limited 8.0B 98 71 88 6 1
Lynas Rare Earths Limited 7.8B 50 91 68 7 1
Pilbara Minerals Limited 7.4B 38 73 51 8 1
OZ Minerals Limited 7.2B 47 83 61 9 1
Allkem Limited 7.1B 46 76 58 10 1
Evolution Mining Limited 6.3B 94 45 71 11 1
Alumina Limited 4.7B 87 74 81 12 1
Iluka Resources Limited 4.2B 50 61 54 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 89 69 14 1
Coronado Global Resources Inc. 3.7B 40 98 66 15 1
Andean Resources Ltd. 3.7B 37 90 88 16 1
Sims Limited 3.6B 45 91 65 17 1
Champion Iron Limited 3.5B 40 83 57 18 1
Nickel Mines Limited 3.1B 69 56 63 19 1
Zimplats Holdings Limited 3.1B 95 49 74 20 1
AVZ Minerals Limited 2.8B 87 64 76 21 1
Liontown Resources Limited 2.7B 87 79 83 22 1
Perseus Mining Limited 2.1B 66 66 67 23 1
Sandfire Resources Limited 2.0B 63 74 67 24 1
Core Lithium Ltd 2.0B 87 47 68 25 1
Chalice Mining Limited 1.9B 99 66 84 26 1
De Grey Mining Limited 1.4B 44 44 43 27 1
Grange Resources Limited 1.4B 72 60 66 28 1
Regis Resources Limited 1.4B 81 45 64 29 1
Silver Lake Resources Limited 1.4B 95 42 72 30 1
Capricorn Metals Ltd 1.3B 37 98 64 31 1
Piedmont Lithium Inc. 1.2B 87 39 65 32 1
Western Areas Limited 1.2B 50 93 69 33 1
West African Resources Limited 1.2B 42 85 61 34 1
Jervois Global Limited 1.2B 37 93 62 35 1
Syrah Resources Limited 1.1B 38 67 51 36 1
Gold Road Resources Limited 1.1B 94 47 73 37 1
Ramelius Resources Limited 1.1B 94 43 71 38 1
Mincor Resources NL 1.0B 98 77 81 39 1
ioneer Ltd 1.0B 87 57 73 40 1
Vulcan Energy Resources Limited 934.7M 87 68 78 41 1
St Barbara Limited 934.0M 94 56 77 42 1
Imdex Limited 915.8M 77 61 63 43 1
Equigold NL 854.0M 79 45 55 44 1
Bellevue Gold Limited 840.6M 65 79 79 45 1
Red 5 Limited 789.4M 95 57 78 46 1
Mount Gibson Iron Limited 780.8M 99 62 82 47 1
Neometals Ltd 767.7M 87 67 78 48 1
Australian Strategic Materials Ltd 733.8M 92 62 78 49 1
Boart Longyear Group Ltd. 728.0M 94 58 77 50 1
Emerald Resources NL 623.8M 37 96 63 51 1
Westgold Resources Limited 620.3M 81 58 71 52 1
OM Holdings Limited 618.8M 50 96 71 53 1
Alkane Resources Limited 533.0M 66 76 70 54 1
Arafura Resources Limited 519.4M 77 59 63 55 1
Panoramic Resources Limited 492.2M 96 49 75 56 1
Hastings Technology Metals Limited 486.9M 69 68 70 57 1
Perenti Global Limited 486.9M 56 88 71 58 1
Centaurus Metals Limited 457.0M 69 46 49 59 1
Metals X Limited 453.6M 94 85 90 60 1
BCI Minerals Limited 452.3M 95 47 73 61 1
Pantoro Limited 433.1M 90 81 85 62 1
Jupiter Mines Limited 421.2M 78 68 78 63 1
Aurelia Metals Limited 420.6M 67 58 63 64 1
Galan Lithium Limited 420.1M 38 77 73 65 1
Talga Group Ltd 399.5M 87 40 65 66 1
Magnis Energy Technologies Limited 386.6M 38 56 54 67 1
Genesis Minerals Limited 353.1M 96 58 65 68 1
Macmahon Holdings Limited 346.7M 86 52 71 69 1
Base Resources Limited 343.3M 85 55 57 70 1
Resolute Mining Limited 331.2M 95 46 74 71 1
Lotus Resources Limited 325.5M 97 69 75 72 1
Global Lithium Resources Limited 319.0M 77 59 63 73 1
Magnetic Resources NL 317.4M 89 78 82 74 1
Arizona Lithium Limited 312.6M 77 73 75 75 1
Andromeda Metals Limited 307.1M 79 46 52 76 1
Kingsgate Consolidated Limited 306.5M 99 78 84 77 1
GR Engineering Services Limited 306.3M 42 85 80 78 1
Newfield Resources Limited 300.8M 77 60 64 79 1
Predictive Discovery Limited 281.8M 98 61 68 80 1
Challenger Exploration Limited 271.1M 77 71 74 81 1
Aeris Resources Limited 263.4M 53 61 60 82 1
Sunrise Energy Metals Limited 245.9M 90 65 70 83 1
Silver Mines Limited 232.5M 42 69 66 84 1
OreCorp Limited 219.4M 77 53 58 85 1
Tribune Resources Limited 212.0M 95 46 54 86 1
Poseidon Nickel Limited 199.2M 77 68 71 87 1
Rumble Resources Limited 198.5M 77 65 69 88 1

Cash Flow Analysis

Examination of the changes in Newcrest Mining Limited's cash flow pointed to certain specific metrics that often have the most significant effect on company performance for the coming quarters. In particular, the companys flow of cash coming from operations, finance, and investments signals average momentum concerning cash flow momentum. Generally, the flow of cash coming from operations, finance, and investments factors do contribute up to 4.0% of the probability that the company will over-perform. Analyzing their net cash flow reveals unremarkable results concerning free cash flow growth. Typically, these factors influence approximately 3.7% of the company's likelihood to over-perform in the course of the current market. Our cumulative grade of Newcrest Mining Limited's cash flow warranted the score of 54.

Parameter Value Change Score
Free Cashflow 0.43 -68% 48
Cashflow -513.0 -222% 57
* All values are TTM

The below chart describes Newcrest Mining Limited's performance as reflected on its cash flow with respect to its peers. While Newcrest Mining Limited received a cash flow score of 54, the average of its peers stands on 68.

  •  NCM
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Cash Flow mc_sort Hidden
BHP Group Limited 232.0B 74 88 78 0 1
Fortescue Metals Group Limited 59.7B 76 58 70 1 1
South32 Limited 20.4B 73 87 77 2 1
Mineral Resources Limited 10.2B 78 96 84 3 1
Northern Star Resources Limited 9.9B 71 57 67 4 1
BlueScope Steel Limited 8.2B 48 46 47 5 1
IGO Limited 8.0B 80 74 80 6 1
Lynas Rare Earths Limited 7.8B 79 62 74 7 1
Pilbara Minerals Limited 7.4B 70 68 70 8 1
OZ Minerals Limited 7.2B 70 97 78 9 1
Allkem Limited 7.1B 75 78 77 10 1
Evolution Mining Limited 6.3B 53 48 52 11 1
Alumina Limited 4.7B 68 75 70 12 1
Iluka Resources Limited 4.2B 76 85 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 50 14 1
Coronado Global Resources Inc. 3.7B 79 95 84 15 1
Andean Resources Ltd. 3.7B 40 55 43 16 1
Sims Limited 3.6B 84 98 88 17 1
Champion Iron Limited 3.5B 62 46 59 18 1
Nickel Mines Limited 3.1B 75 60 72 19 1
Zimplats Holdings Limited 3.1B 77 78 77 20 1
AVZ Minerals Limited 2.8B 61 69 63 21 1
Liontown Resources Limited 2.7B 60 69 62 22 1
Perseus Mining Limited 2.1B 77 81 80 23 1
Sandfire Resources Limited 2.0B 74 86 78 24 1
Core Lithium Ltd 2.0B 62 69 64 25 1
Chalice Mining Limited 1.9B 52 61 54 26 1
De Grey Mining Limited 1.4B 81 69 78 27 1
Grange Resources Limited 1.4B 76 79 77 28 1
Regis Resources Limited 1.4B 56 68 60 29 1
Silver Lake Resources Limited 1.4B 63 53 61 30 1
Capricorn Metals Ltd 1.3B 82 84 83 31 1
Piedmont Lithium Inc. 1.2B 58 56 57 32 1
Western Areas Limited 1.2B 72 84 76 33 1
West African Resources Limited 1.2B 74 85 77 34 1
Jervois Global Limited 1.2B 53 40 49 35 1
Syrah Resources Limited 1.1B 58 56 57 36 1
Gold Road Resources Limited 1.1B 56 56 57 37 1
Ramelius Resources Limited 1.1B 65 54 63 38 1
Mincor Resources NL 1.0B 57 50 56 39 1
ioneer Ltd 1.0B 47 56 49 40 1
Vulcan Energy Resources Limited 934.7M 66 69 67 41 1
St Barbara Limited 934.0M 52 45 50 42 1
Imdex Limited 915.8M 72 72 72 43 1
Equigold NL 854.0M 91 69 92 44 1
Bellevue Gold Limited 840.6M 56 49 56 45 1
Red 5 Limited 789.4M 67 48 62 46 1
Mount Gibson Iron Limited 780.8M 68 69 68 47 1
Neometals Ltd 767.7M 61 53 59 48 1
Australian Strategic Materials Ltd 733.8M 72 69 71 49 1
Boart Longyear Group Ltd. 728.0M 61 76 65 50 1
Emerald Resources NL 623.8M 85 81 84 51 1
Westgold Resources Limited 620.3M 58 69 61 52 1
OM Holdings Limited 618.8M 76 90 81 53 1
Alkane Resources Limited 533.0M 69 57 66 54 1
Arafura Resources Limited 519.4M 79 58 77 55 1
Panoramic Resources Limited 492.2M 69 69 69 56 1
Hastings Technology Metals Limited 486.9M 82 87 84 57 1
Perenti Global Limited 486.9M 67 92 78 58 1
Centaurus Metals Limited 457.0M 66 57 65 59 1
Metals X Limited 453.6M 70 82 74 60 1
BCI Minerals Limited 452.3M 61 54 59 61 1
Pantoro Limited 433.1M 71 48 69 62 1
Jupiter Mines Limited 421.2M 56 56 55 63 1
Aurelia Metals Limited 420.6M 73 56 68 64 1
Galan Lithium Limited 420.1M 75 83 76 65 1
Talga Group Ltd 399.5M 52 48 51 66 1
Magnis Energy Technologies Limited 386.6M 80 71 80 67 1
Genesis Minerals Limited 353.1M 62 44 61 68 1
Macmahon Holdings Limited 346.7M 73 52 68 69 1
Base Resources Limited 343.3M 58 49 57 70 1
Resolute Mining Limited 331.2M 87 90 89 71 1
Lotus Resources Limited 325.5M 63 84 65 72 1
Global Lithium Resources Limited 319.0M 78 69 78 73 1
Magnetic Resources NL 317.4M 75 58 74 74 1
Arizona Lithium Limited 312.6M 69 61 68 75 1
Andromeda Metals Limited 307.1M 61 63 62 76 1
Kingsgate Consolidated Limited 306.5M 63 69 64 77 1
GR Engineering Services Limited 306.3M 82 87 83 78 1
Newfield Resources Limited 300.8M 63 58 62 79 1
Predictive Discovery Limited 281.8M 49 54 50 80 1
Challenger Exploration Limited 271.1M 57 82 60 81 1
Aeris Resources Limited 263.4M 75 50 73 82 1
Sunrise Energy Metals Limited 245.9M 72 79 74 83 1
Silver Mines Limited 232.5M 66 83 68 84 1
OreCorp Limited 219.4M 67 69 68 85 1
Tribune Resources Limited 212.0M 81 89 83 86 1
Poseidon Nickel Limited 199.2M 72 59 72 87 1
Rumble Resources Limited 198.5M 66 69 67 88 1

General & Ratios Analysis

The combined analyses of these key factors in the reports provides us a deeper perspective into the company's likelihood to over-perform for the current market. First, assessing their metrics in relation to general factors forecasts moderate results in terms of macroeconomic environment. Focusing on looking closer at Newcrest Mining Limited's health and sustainability conveys moderate execution concerning book value momentum. Historically, these factors influence up to 1.8% of a company's likelihood to over-perform. Third, looking at reviewing Newcrest Mining Limited's capital efficiency shows neutral results with connection to assets factors momentum. In general, the capital efficiency factors influence 3.3% of the company's likelihood to beat its benchmark performance in the course of the coming quarters. In particular, a drill down into investors' interest shows below average execution with connection to return factors momentum. Typically, these factors contribute up to 10.1% of the company's likelihood to beat the market in the upcoming quarter. In particular, looking at Newcrest Mining Limited's capital efficiency indicates neutral results with connection to assets factors momentum. In general, the capital efficiency factors influence roughly 3.3% of a company's likelihood to over-perform in the course of the current market. Taking all these data points into consideration our cumulative assessment of the company's general factors and ratios produced the weighted score of 52.

Parameter Value Change Score
Asset Turnover 0.29 -13% 54
Price to Book 1.55 2% 78
Return on Equity 9.28 -25% 47
* All values are TTM

The below chart describes Newcrest Mining Limited's performance as reflected on its Financial Ratios with respect to its peers. While Newcrest Mining Limited received a Financial Ratios score of 52 , the average of its peers stands on None.

  •  NCM
  •  Peers average
Name Market Cap Macro Environment Book Value Momentum Return Factors Momentum Assets Factors Momentum General Factors mc_sort Hidden
BHP Group Limited 232.0B 73 70 81 80 79 0 1
Fortescue Metals Group Limited 59.7B 73 82 67 72 74 1 1
South32 Limited 20.4B 74 84 95 77 88 2 1
Mineral Resources Limited 10.2B 73 82 78 85 82 3 1
Northern Star Resources Limited 9.9B 74 81 69 91 80 4 1
BlueScope Steel Limited 8.2B 73 67 66 70 68 5 1
IGO Limited 8.0B 73 70 48 52 51 6 1
Lynas Rare Earths Limited 7.8B 74 83 84 57 74 7 1
Pilbara Minerals Limited 7.4B 73 83 77 97 86 8 1
OZ Minerals Limited 7.2B 73 75 82 76 79 9 1
Allkem Limited 7.1B 73 80 75 86 80 10 1
Evolution Mining Limited 6.3B 74 56 43 39 41 11 1
Alumina Limited 4.7B 74 81 77 69 75 12 1
Iluka Resources Limited 4.2B 74 78 90 75 84 13 1
OZ Minerals Holdings Pty Ltd 4.0B 70 87 45 39 65 14 1
Coronado Global Resources Inc. 3.7B 74 43 98 79 85 15 1
Andean Resources Ltd. 3.7B 88 91 91 37 90 16 1
Sims Limited 3.6B 74 76 93 83 88 17 1
Champion Iron Limited 3.5B 73 52 74 75 71 18 1
Nickel Mines Limited 3.1B 73 52 54 53 52 19 1
Zimplats Holdings Limited 3.1B 74 79 51 43 50 20 1
AVZ Minerals Limited 2.8B 74 86 40 37 43 21 1
Liontown Resources Limited 2.7B 74 37 91 52 69 22 1
Perseus Mining Limited 2.1B 73 59 75 68 71 23 1
Sandfire Resources Limited 2.0B 73 78 76 70 74 24 1
Core Lithium Ltd 2.0B 74 86 82 70 79 25 1
Chalice Mining Limited 1.9B 74 84 76 38 62 26 1
De Grey Mining Limited 1.4B 74 56 77 58 67 27 1
Grange Resources Limited 1.4B 74 95 59 61 64 28 1
Regis Resources Limited 1.4B 73 46 39 49 41 29 1
Silver Lake Resources Limited 1.4B 73 56 41 45 42 30 1
Capricorn Metals Ltd 1.3B 74 83 97 81 91 31 1
Piedmont Lithium Inc. 1.2B 74 85 66 68 70 32 1
Western Areas Limited 1.2B 74 85 96 82 91 33 1
West African Resources Limited 1.2B 74 45 64 60 59 34 1
Jervois Global Limited 1.2B 74 92 75 82 81 35 1
Syrah Resources Limited 1.1B 74 95 60 98 80 36 1
Gold Road Resources Limited 1.1B 73 56 48 48 48 37 1
Ramelius Resources Limited 1.1B 73 60 40 39 41 38 1
Mincor Resources NL 1.0B 63 49 83 94 65 39 1
ioneer Ltd 1.0B 74 60 60 52 56 40 1
Vulcan Energy Resources Limited 934.7M 74 42 85 68 73 41 1
St Barbara Limited 934.0M 74 61 52 57 54 42 1
Imdex Limited 915.8M 89 74 56 73 71 43 1
Equigold NL 854.0M 70 45 91 84 66 44 1
Bellevue Gold Limited 840.6M 54 88 85 77 90 45 1
Red 5 Limited 789.4M 74 96 66 57 66 46 1
Mount Gibson Iron Limited 780.8M 74 59 66 53 60 47 1
Neometals Ltd 767.7M 74 97 55 53 59 48 1
Australian Strategic Materials Ltd 733.8M 74 79 66 66 68 49 1
Boart Longyear Group Ltd. 728.0M 74 80 66 64 67 50 1
Emerald Resources NL 623.8M 74 63 94 83 87 51 1
Westgold Resources Limited 620.3M 74 69 43 58 51 52 1
OM Holdings Limited 618.8M 74 58 97 77 86 53 1
Alkane Resources Limited 533.0M 74 45 72 72 69 54 1
Arafura Resources Limited 519.4M 67 56 65 54 55 55 1
Panoramic Resources Limited 492.2M 74 79 62 52 60 56 1
Hastings Technology Metals Limited 486.9M 71 68 70 53 65 57 1
Perenti Global Limited 486.9M 67 74 67 82 74 58 1
Centaurus Metals Limited 457.0M 71 91 77 51 84 59 1
Metals X Limited 453.6M 74 70 80 54 69 60 1
BCI Minerals Limited 452.3M 74 71 55 48 53 61 1
Pantoro Limited 433.1M 69 69 83 76 77 62 1
Jupiter Mines Limited 421.2M 73 53 66 78 68 63 1
Aurelia Metals Limited 420.6M 74 74 48 48 50 64 1
Galan Lithium Limited 420.1M 69 93 72 67 89 65 1
Talga Group Ltd 399.5M 74 94 46 68 61 66 1
Magnis Energy Technologies Limited 386.6M 69 92 74 38 83 67 1
Genesis Minerals Limited 353.1M 69 72 54 66 69 68 1
Macmahon Holdings Limited 346.7M 73 45 47 54 48 69 1
Base Resources Limited 343.3M 54 52 59 62 56 70 1
Resolute Mining Limited 331.2M 73 45 54 69 57 71 1
Lotus Resources Limited 325.5M 69 90 81 91 94 72 1
Global Lithium Resources Limited 319.0M 67 95 53 58 80 73 1
Magnetic Resources NL 317.4M 67 47 83 90 61 74 1
Arizona Lithium Limited 312.6M 67 96 82 63 89 75 1
Andromeda Metals Limited 307.1M 69 74 67 68 75 76 1
Kingsgate Consolidated Limited 306.5M 67 45 66 98 57 77 1
GR Engineering Services Limited 306.3M 67 84 60 80 79 78 1
Newfield Resources Limited 300.8M 67 90 42 52 73 79 1
Predictive Discovery Limited 281.8M 67 80 71 82 79 80 1
Challenger Exploration Limited 271.1M 67 91 78 86 90 81 1
Aeris Resources Limited 263.4M 67 86 49 68 76 82 1
Sunrise Energy Metals Limited 245.9M 71 43 63 45 43 83 1
Silver Mines Limited 232.5M 67 52 73 47 52 84 1
OreCorp Limited 219.4M 67 50 65 55 50 85 1
Tribune Resources Limited 212.0M 67 56 46 65 53 86 1
Poseidon Nickel Limited 199.2M 67 87 60 53 75 87 1
Rumble Resources Limited 198.5M 67 58 65 84 63 88 1

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