Loading..

Newcrest Mining Limited (NCM) Report Analysis

Corporate Events

Positive

Newcrest Mining Limited Announces Annual Minera...

2022-08-18 22:45:00

Newcrest Mining Limited has updated its Mineral Resource and Ore Reserve estimates for the six-month period ending 30 June 2022. . The review ...

Neutral

Newcrest Mining Limited Provides Group Producti...

2022-08-18 22:42:00

Newcrest Mining Limited provided group production guidance for the year ending June 30, 2023. For the year, the company expects gold productio...

Negative

Newcrest Mining Limited Announces Ordinary Divi...

2022-08-18 22:41:00

Newcrest Mining Limited announced ordinary dividend of USD 0.20000000 for the six months ended June 30, 2022. The dividend is payable on Septe...

Positive

Headwater Gold and Newcrest Mining Sign Four Ea...

2022-08-16 18:56:00

Headwater Gold Inc. announced that it has signed four separate definitive option and earn-in agreements with a wholly owned subsidiary of Newc...

Positive

Headwater Gold Inc. announced that it expects t...

2022-08-15 00:00:00

Headwater Gold Inc. announced non-brokered private placement of 5,446,397 common shares at a price of CAD 0.16 per share for gross proceeds of...

Positive

Headwater Gold Inc. announced that it expects t...

2022-08-12 00:00:00

Headwater Gold Inc. announced a non-brokered private placement of 5,446,397 common shares at a price of CAD 0.16 per share for gross proceeds ...

Neutral

Newcrest Mining Limited, 2022 Earnings Call, Au...

2022-07-28 02:29:00

Newcrest Mining Limited, 2022 Earnings Call, Aug 19, 2022

Neutral

Newcrest Mining Limited Presents at Diggers and...

2022-06-02 18:03:00

Newcrest Mining Limited Presents at Diggers and Dealers Mining Forum 2022, Aug-01-2022 10:15 AM. Venue: Goldfields Arts Centre, Cheetham Stree...

Neutral

Newcrest Mining Limited Presents at Bank of Ame...

2022-05-17 08:56:00

Newcrest Mining Limited Presents at Bank of America 2022 Global Metals, Mining and Steel Conference, May-17-2022 04:00 PM. Venue: Miami, Flori...

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

Diggers and Dealers Mining Forum, Diggers and D...

2022-02-07 20:17:00

Diggers and Dealers Mining Forum, Diggers and Dealers Mining Forum 2022, Aug 01, 2022 through Aug 03, 2022. Venue: Goldfields Arts Centre, Che...

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

Strategic Energy Resources Limited (ASX:SER) co...

2021-12-31 00:00:00

Strategic Energy Resources Limited (ASX:SER) agreed to acquire Three Exploration Licences EPM26439, EPM26440 And EPM26442 from Newcrest Mining...

Neutral

Bank of America Corporation, Bank of America 20...

2021-12-22 06:08:00

Bank of America Corporation, Bank of America 2022 Global Metals, Mining and Steel Conference, May 17, 2022 through May 19, 2022. Venue: Miami,...

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

Neutral

Newcrest Mining Limited to Report Q4, 2022 Resu...

2021-10-25 11:52:00

Newcrest Mining Limited announced that they will report Q4, 2022 results on Jul 21, 2022

Neutral

Newcrest Mining Limited to Report Fiscal Year 2...

2021-10-25 11:52:00

Newcrest Mining Limited announced that they will report fiscal year 2022 results on Aug 19, 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

Positive

Newcrest Mining Limited Announces Annual Mineral Resources & Ore Reserves Statement as at 30 June 2022

2022-08-18 22:45:00

Newcrest Mining Limited has updated its Mineral Resource and Ore Reserve estimates for the six-month period ending 30 June 2022. . The review has considered mining depletion, drilling results, studies, long-term metal prices, foreign exchange rates and cost assumptions, as well as mining and metallurgy performance to inform cut-off grades and physical mining parameters. This statement outlines Mineral Resource and Ore Reserve changes since the previous estimate for the period ending 31 December 2021. As at 30 June 2022, Group Ore Reserves are estimated to contain approximately 61 million ounces of gold, 11 million tonnes of copper, 29 million ounces of silver and 0.099 million tonnes of molybdenum. This represents decreases, predominantly as a result of mining depletion, of approximately 2 million ounces of gold (3%), 0.3 million tonnes of copper (3%), 1 million ounces of silver (6%) and 0.011 million tonnes of molybdenum (6%) compared with the estimate as at 31 December 2021. The Group Ore Reserve estimates as at 30 June 2022 are set out in Table 11 and Table 12 on a 100% basis. Tonnes are reported as dry metric tonnes. All Group Ore Reserves are classified as Probable Reserves except for 58 million tonnes of Lihir Stockpiles that are Proved Reserves. All tabulated tonnes, grade and metal information has been rounded to two significant figures to reflect appropriate precision in the estimate, and this may cause some apparent discrepancies in totals. A work program is in progress to assess and estimate Ore Reserves for the Brucejack asset to enable future reporting in accordance with the JORC Code. Feasibility Studies are progressing for Lihir Phase 14A, Havieron, Cadia PC 1-2 and Red Chris Block Cave. Outcomes of these studies will inform future Ore Reserves. The Group Ore Reserves as at 30 June 2022 includes the following changes as compared to 31 December 2021: · Estimated mining depletion of approximately 1.3 million ounces of gold, 0.1 million tonnes of copper, 0.5 million ounces of silver and minor molybdenum. Minor updates to price, cost and some technical input assumptions at Cadia and Telfer that delivered a slight decrease in Ore Reserves. Group Mineral Resources: As at 30 June 2022, Group Measured and Indicated Mineral Resources are estimated to contain approximately120 million ounces of gold, 25 million tonnes of copper, 100 million ounces of silver and 0.17 million tonnes of molybdenum. This represents no appreciable change compared to the estimate as at 31 December 2021. The Group Measured and Indicated Mineral Resources and Inferred Mineral Resources as at 30 June 2022 are set out in Table 5 to Table 10 on a 100% basis. The Measured and Indicated Mineral Resources are inclusive of those Mineral Resources modified to produce the Ore Reserves. Tonnes are reported as dry metric tonnes. All tabulated tonnes, grade and metal have been rounded to two significant figures to reflect appropriate precision in the estimates. This may cause some apparent discrepancies in totals. A work program is in progress to assess and estimate Mineral Resources for the Brucejack asset to enable future reporting in accordance with the JORC Code. The Group Measured and Indicated Mineral Resources as at 30 June 2022 includes the following changes as compared to 31 December 2021: · Estimated mining depletion of approximately 1.3 million ounces of gold, 0.1 million tonnes of copper, 0.5 million ounces of silver and minor molybdenum. Havieron updated estimate added 1.0 million ounces of gold and 0.04 million tonnes of copper. As at 30 June 2022, Group Inferred Mineral Resources 4 are estimated to contain approximately 21 million ounces of gold, 4.8 million tonnes of copper, 18 million ounces of silver and 0.012 million tonnes of molybdenum. This represents an increase of 1 million ounces of gold and no appreciable change for copper, silver or molybdenum compared with the estimate as at 31 December 2021. The Group Inferred Mineral Resources as at 30 June 2022 includes the following changes as compared to 31 December 2021: Havieron updated estimate added 0.9 million ounces of gold and 0.015 million tonnes of copper. Minor adjustments at Telfer due to model updates.

Neutral

Newcrest Mining Limited Provides Group Production Guidance for the Year Ending June 30, 2023

2022-08-18 22:42:00

Newcrest Mining Limited provided group production guidance for the year ending June 30, 2023. For the year, the company expects gold production to bein the range of 2,100 koz - 2,400 koz and copper production to be in the range of 135 kt - 155 kt.

Negative

Newcrest Mining Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2022, Payable on September 29, 2022

2022-08-18 22:41:00

Newcrest Mining Limited announced ordinary dividend of USD 0.20000000 for the six months ended June 30, 2022. The dividend is payable on September 29, 2022 with record date of August 29, 2022 and ex-date of August 26, 2022.

Positive

Headwater Gold and Newcrest Mining Sign Four Earn-In Exploration Agreements

2022-08-16 18:56:00

Headwater Gold Inc. announced that it has signed four separate definitive option and earn-in agreements with a wholly owned subsidiary of Newcrest Mining Limited (Newcrest). Pursuant to the Earn-in Agreements, Newcrest will have an option to acquire up to a 75% interest individually in each of Headwater's Mahogany Project in Oregon and Agate Point Project, Midas North Project and Spring Peak Project in Nevada (collectively, the "Projects") for cumulative earn-in exploration expenditures of USD 145,000,000 and the completion of Pre-Feasibility Studies which include a minimum resource of 1.5 million gold or gold equivalent ounces per Project. Additionally, Newcrest will acquire a 9.9% equity interest in the Company through a non-brokered private placement of common shares. Newcrest will sole fund a firm minimum commitment of USD 8,500,000 in exploration expenditures cumulatively between the four Projects, or pay the difference to Headwater; During the staged earn-in phase, Newcrest will have the right to earn up to a 65% interest individually in each of the four Projects by sole funding exploration expenditures (inclusive of the respective Minimum Commitment) of USD 55,000,000 on the Spring Peak Project, USD 30,000,000 on the Agate Point Project, USD 30,000,000 on the Mahogany Project, and USD 30,000,000 on the Midas North Project over a 6-year period; Newcrest retains the right to earn an additional 10% interest in each Project (for a total interest of 75% of each Project) by: ceding a 2% Net Smelter Return (NSR) royalty to Headwater in the case of the Agate Point, Mahogany and Midas North Projects, and a 1% NSR royalty in the case of the Spring Peak Project, subject to certain partial buydown rights; and (2) completing a Pre-Feasibility Study for such Project, solely funded by Newcrest and which includes a minimum 1.5 million ounce gold or gold-equivalent resource (per Project) within an additional 24-month period; Newcrest will, within 15 business days of signing of the Earn-in Agreements, reimburse certain Project costs previously incurred by Headwater through a cash payment totaling USD 612,989.

Positive

Headwater Gold Inc. announced that it expects to receive CAD 0.871424 million in funding from Newcrest Mining Limited

2022-08-15 00:00:00

Headwater Gold Inc. announced non-brokered private placement of 5,446,397 common shares at a price of CAD 0.16 per share for gross proceeds of CAD 871,424 by investor Newcrest Mining Limited.

Positive

Headwater Gold Inc. announced that it expects to receive CAD 0.871424 million in funding from Newcrest Mining Limited

2022-08-12 00:00:00

Headwater Gold Inc. announced a non-brokered private placement of 5,446,397 common shares at a price of CAD 0.16 per share for gross proceeds of CAD 871,424 on August 12, 2022. The transaction included participation from Newcrest Mining Limited. All securities issued will be subject to a statutory hold period expiring four months and one day after closing of the transaction. Post-closing, the investor will own approximately 9.9% of the total issued and outstanding common Shares of the company on a non-diluted basis immediately following the transaction.

Neutral

Newcrest Mining Limited, 2022 Earnings Call, Aug 19, 2022

2022-07-28 02:29:00

Newcrest Mining Limited, 2022 Earnings Call, Aug 19, 2022

Neutral

Newcrest Mining Limited Presents at Diggers and Dealers Mining Forum 2022, Aug-01-2022 10:15 AM

2022-06-02 18:03:00

Newcrest Mining Limited Presents at Diggers and Dealers Mining Forum 2022, Aug-01-2022 10:15 AM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoorlie, Western Australia, Australia. Speakers: Fraser MacCorquodale, General Manager of Exploration.

Neutral

Newcrest Mining Limited Presents at Bank of America 2022 Global Metals, Mining and Steel Conference, May-17-2022 04:00 PM

2022-05-17 08:56:00

Newcrest Mining Limited Presents at Bank of America 2022 Global Metals, Mining and Steel Conference, May-17-2022 04:00 PM. Venue: Miami, Florida, United States. Speakers: Sandeep Biswas, MD, CEO & Director.

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

Diggers and Dealers Mining Forum, Diggers and Dealers Mining Forum 2022, Aug 01, 2022 through Aug 03, 2022

2022-02-07 20:17:00

Diggers and Dealers Mining Forum, Diggers and Dealers Mining Forum 2022, Aug 01, 2022 through Aug 03, 2022. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoorlie, Western Australia, Australia.

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

Strategic Energy Resources Limited (ASX:SER) completed the acquisition of Three Exploration Licences EPM26439, EPM26440 And EPM26442 from Newcrest Mining Limited (ASX:NCM).

2021-12-31 00:00:00

Strategic Energy Resources Limited (ASX:SER) agreed to acquire Three Exploration Licences EPM26439, EPM26440 And EPM26442 from Newcrest Mining Limited (ASX:NCM) on May 4, 2021. Upon completion SER will commence land access negotiations. Newcrest will retain a First Right of Refusal to any future transaction on these licenses. Newcrest will receive 1% Net Smelter Royalty (NSR) capped at 10 years of production and access to technical data. Strategic Energy Resources Limited (ASX:SER) completed the acquisition of Three Exploration Licences EPM26439, EPM26440 And EPM26442 from Newcrest Mining Limited (ASX:NCM) in December 2021.

Neutral

Bank of America Corporation, Bank of America 2022 Global Metals, Mining and Steel Conference, May 17, 2022 through May 19, 2022

2021-12-22 06:08:00

Bank of America Corporation, Bank of America 2022 Global Metals, Mining and Steel Conference, May 17, 2022 through May 19, 2022. Venue: Miami, Florida, United States.

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

Neutral

Newcrest Mining Limited to Report Q4, 2022 Results on Jul 21, 2022

2021-10-25 11:52:00

Newcrest Mining Limited announced that they will report Q4, 2022 results on Jul 21, 2022

Neutral

Newcrest Mining Limited to Report Fiscal Year 2022 Results on Aug 19, 2022

2021-10-25 11:52:00

Newcrest Mining Limited announced that they will report fiscal year 2022 results on Aug 19, 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

Fundamental Summary

The financials published by Newcrest for Q4 were weak and discouraging. Their growth, value, and income factors indicate a poor execution and strategy, which isn't generating exciting growth. These results suggest a challenging future for Newcrest's stock. Therefore, Newcrest earned a score of 55 and a UNDERPERFORM recommendation.

Newcrest reported earnings results for the full year ended June 30, 2022. For the full year, the company reported sales was USD 4,207 million compared to USD 4,576 million a year ago. Net income was USD 872 million compared to USD 1,164 million a year ago. Basic earnings per share from continuing operations was USD 1.034 compared to USD 1.425 a year ago. Diluted earnings per share from continuing operations was USD 1.031 compared to USD 1.421 a year ago.

Business Description

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

Sector Overview

Newcrest 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'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 14.4B -1.8% 69
Liabilities 4.5B -2.7% 85
Price to Book 1.3 -14.2% 73
Cash & Equivalents 1.2B -34.3% 46
Equity 10.0B -1.4% 46
EBITDA 1.9B -20.4% 45
Total Revenues 4.1B -10.0% 95
Parameter Value Change Score
Return on Equity 9.3 -25.3% 47
Net Cashflow -513.0M -221.6% 59
Capital Expenditure -1.4B -16.4% 63
Asset Turnover 0.3 -12.7% 56
Free Cashflow Per Share 0.4 -67.7% 48

* All values are TTM

The below chart reflects Newcrest'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's peer average final assessment score stands on 70.0, Newcrest's score is 55.

  •  NCM
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 210.4B 74 84 76
Buy
85
85 0 1
Fortescue Metals Group Limited 58.9B 65 67 75
Hold
69
69 1 1
Lynas Rare Earths Limited 8.8B 70 70 70
Hold
71
71 2 1
OZ Minerals Limited 8.7B 74 67 78
Hold
75
75 3 1
BlueScope Steel Limited 8.1B 85 72 53
Hold
74
74 4 1
Alumina Limited 4.5B 49 80 73
Hold
71
71 5 1
Iluka Resources Limited 4.2B 78 60 73
Hold
68
68 6 1
Zimplats Holdings Limited 3.1B 77 68 64
Hold
70
70 7 1
Sims Limited 3.0B 82 70 75
Buy
79
79 8 1
Piedmont Lithium Inc. 1.6B 52 73 79
Hold
71
71 9 1
Regis Resources Limited 1.2B 53 52 69
Underperform
50
50 10 1
Mincor Resources NL 1.0B 62 77 57
Hold
67
67 11 1
Equigold NL 854.0M 49 66 87
Hold
66
66 12 1
St Barbara Limited 803.5M 52 70 56
Underperform
58
58 13 1
Imdex Limited 781.0M 70 56 74
Hold
69
69 14 1
Jervois Global Limited 714.3M 47 96 75
Buy
82
82 15 1
Red 5 Limited 636.3M 47 74 60
Hold
61
61 16 1
Westgold Resources Limited 573.1M 52 64 63
Underperform
56
56 17 1
Bowen Coking Coal Limited 564.7M 66 73 68
Hold
71
71 18 1
Mount Gibson Iron Limited 538.7M 48 78 64
Hold
65
65 19 1
Argosy Minerals Limited 518.7M 66 73 68
Hold
71
71 20 1
Perenti Global Limited 495.2M 60 78 67
Hold
72
72 21 1
Champion Iron Limited 441.1M 45 64 48
Underperform
53
53 22 1
Alkane Resources Limited 437.8M 77 70 68
Hold
73
73 23 1
Aquarius Platinum Limited 370.8M 99 39 62
Buy
79
79 24 1
Kingsgate Consolidated Limited 369.6M 68 81 76
Hold
78
78 25 1
Macmahon Holdings Limited 357.0M 68 65 63
Hold
65
65 26 1
Resolute Mining Limited 325.7M 69 72 68
Hold
77
77 27 1
Andromeda Metals Limited 304.6M 66 73 68
Hold
71
71 28 1
Pantoro Limited 283.7M 66 73 68
Hold
71
71 29 1
Tribune Resources Limited 195.7M 70 53 78
Hold
64
64 30 1
Poseidon Nickel Limited 193.0M 81 70 68
Buy
78
78 31 1
Grange Resources Ltd. 173.4M 58 79 55
Hold
66
66 32 1
TNG Limited 166.6M 66 51 67
Underperform
58
58 33 1
Nova Minerals Limited 153.2M 55 76 77
Hold
67
67 34 1
Latrobe Magnesium Limited 151.4M 68 68 70
Hold
70
70 35 1
CI Resources Limited 144.5M 73 59 65
Hold
68
68 36 1
Group 6 Metals Limited 138.8M 67 63 81
Hold
67
67 37 1
Capral Limited 137.5M 64 71 76
Hold
69
69 38 1
Legend Mining Limited 129.5M 69 82 81
Buy
80
80 39 1
Bougainville Copper Limited 128.3M 57 70 75
Hold
74
74 40 1
Astron Corporation Limited 89.4M 73 76 68
Hold
74
74 41 1
Cyprium Metals Limited 75.7M 62 69 83
Hold
68
68 42 1
GreenX Metals Limited 71.0M 74 73 88
Buy
79
79 43 1
GME Resources Limited 69.0M 70 59 73
Hold
66
66 44 1
Resource Mining Corporation Limited 66.9M 77 72 63
Hold
70
70 45 1
FYI Resources Limited 64.0M 67 62 55
Hold
62
62 46 1
Troy Resources Limited 62.9M 79 69 57
Hold
71
71 47 1
Kairos Minerals Limited 57.0M 57 92 71
Hold
75
75 48 1
Tanami Gold NL 54.1M 75 71 66
Hold
75
75 49 1
Mineral Commodities Ltd 48.2M 66 46 88
Underperform
60
60 50 1
Horizon Minerals Limited 47.6M 70 82 66
Hold
78
78 51 1
Astral Resources NL 44.7M 66 73 67
Hold
71
71 52 1
Amerod Resources Limited 44.5M 66 84 83
Hold
76
76 53 1
Focus Minerals Limited 40.1M 58 73 70
Hold
65
65 54 1
Elkedra Diamonds NL 38.0M 71 63 47
Hold
64
64 55 1
Kingston Resources Limited 36.8M 64 84 56
Hold
73
73 56 1
Metals Australia Ltd 34.6M 59 71 75
Hold
66
66 57 1
Magontec Limited 33.8M 75 91 78
Strong Buy
88
88 58 1
Indiana Resources Limited 29.7M 72 71 60
Hold
72
72 59 1
EV Resources Limited 29.6M 69 75 59
Hold
72
72 60 1
Valor Resources Limited 29.3M 69 55 66
Hold
62
62 61 1
Austral Gold Limited 28.8M 60 60 67
Underperform
59
59 62 1
Surefire Resources NL 25.3M 71 58 64
Hold
61
61 63 1
Equatorial Resources Limited 24.9M 78 65 55
Hold
70
70 64 1
Equus Mining Limited 21.8M 55 74 74
Hold
66
66 65 1
Antilles Gold Limited 21.0M 53 55 79
Underperform
55
55 66 1
Labyrinth Resources Limited 21.0M 63 66 69
Hold
65
65 67 1
Citigold Corporation Limited 19.8M 75 55 66
Hold
66
66 68 1
Lachlan Star Limited 19.8M 61 81 65
Hold
71
71 69 1
Titanium Sands Limited 19.5M 68 79 71
Hold
75
75 70 1
Sunshine Gold Limited 18.6M 69 75 85
Hold
77
77 71 1
Helix Resources Limited 18.6M 56 63 64
Underperform
59
59 72 1
Hawthorn Resources Limited 18.5M 61 81 57
Hold
70
70 73 1
Sihayo Gold Limited 18.3M 65 68 79
Hold
69
69 74 1
Rimfire Pacific Mining Limited 18.1M 72 78 70
Buy
78
78 75 1
Astro Resources NL 16.5M 66 59 61
Hold
62
62 76 1
NT Minerals Limited 15.2M 59 59 67
Underperform
58
58 77 1
Comet Resources Limited 13.8M 70 67 67
Hold
71
71 78 1
Golden Cross Resources Limited 13.2M 66 71 76
Hold
71
71 79 1
Admiralty Resources NL 13.0M 74 59 61
Hold
67
67 80 1
Ora Gold Limited 12.8M 61 70 69
Hold
65
65 81 1
Adavale Resources Limited 11.8M 64 61 66
Hold
62
62 82 1
Metalicity Limited 10.4M 71 62 67
Hold
68
68 83 1
Besra Gold Inc. 9.4M 67 60 63
Hold
62
62 84 1
Sipa Resources Limited 9.2M 69 84 80
Buy
78
78 85 1
Variscan Mines Limited 9.1M 59 71 76
Hold
68
68 86 1
Argonaut Resources NL 9.0M 71 59 61
Hold
65
65 87 1
Prodigy Gold NL 8.4M 61 48 63
Underperform
53
53 88 1
Ookami Limited 7.0M 62 73 73
Hold
67
67 89 1
Austpac Resources N.L. 6.3M 72 76 74
Hold
75
75 90 1
Mount Burgess Mining N.L. 6.0M 67 76 67
Hold
72
72 91 1
Cullen Resources Limited 5.7M 61 65 55
Underperform
60
60 92 1
Strategic Energy Resources Limited 5.4M 62 73 54
Hold
67
67 93 1
Intrepid Mines Limited 5.0M 85 72 74
Buy
80
80 94 1
Arrowhead Resources Limited 3.0M 56 81 70
Hold
63
63 95 1
Eurogold Limited 2.6M 59 69 59
Hold
62
62 96 1
Excalibur Mining Corporation Limited 1.4M 59 67 66
Underperform
58
58 97 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'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. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Newcrest'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 42.

Bearish 42
Close Price 18.67
52W Low 18.51
52W High 28.84
5D MA 19.07
50D MA 20.42
200D MA 23.87
MACD -0.32
RSI 23.49
STOCH 0.0

Balance Sheet Analysis

A few metrics from Newcrest's current balance sheet were especially concerning: Cash & Equivalents and Equity. Newcrest's management did a relatively poor job managing cash and cash equivalents, which now sit at 1.2B and represents a -34.3% change from the last reporting period. This performance is significantly less impressive than its peers and competitors. Consequently, their cash and cash equivalents movement received a grade of 46. Also, Newcrest published concerning equity metrics for this filing. In the current report, equity stood at 10.0B, which represents a -1.4% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 5.4%. These metrics are all the more disappointing relative to their peers and should blunt potential positive momentum in its's stock price. Its equity movement component, therefore, received a grade of 46. That said, one metric, Liabilities, stood out as strongly positive. In terms of liabilities, Newcrest published good numbers. Their reported liabilities were 4.5B, representing a -2.7% change from the previous report. These liabilities changes appear balanced compared to their peers and project the message that management is capable and focused on balancing asset growth, resource allocation, and growing liabilities. Therefore, we rated their liabilities movement with a score of 85. Therefore, the company's balance sheet earned a grade of 52.

Parameter Value Change Score
Assets 14.4B -1.8% 69
Liabilities 4.5B -2.7% 85
Price to Book 1.3 -14.2% 73
Cash & Equivalents 1.2B -34.3% 46
Equity 10.0B -1.4% 46
* All values are TTM

The below chart describes Newcrest's performance as reflected on its balance sheet with respect to its peers. While Newcrest received a balance sheet score of 52, the average of its peers stands on 70.0.

  •  NCM
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 210.4B 88.0 75.0 45.0 84.0 90.0 74 0 1
Fortescue Metals Group Limited 58.9B 83.0 64.0 69.0 55.0 64.0 65 1 1
Lynas Rare Earths Limited 8.8B 74.0 60.0 76.0 62.0 66.0 70 2 1
OZ Minerals Limited 8.7B 86.0 72.0 71.0 69.0 71.0 74 3 1
BlueScope Steel Limited 8.1B 63.0 75.0 86.0 90.0 72.0 85 4 1
Alumina Limited 4.5B 50.0 66.0 51.0 46.0 84.0 49 5 1
Iluka Resources Limited 4.2B 76.0 67.0 87.0 69.0 51.0 78 6 1
Zimplats Holdings Limited 3.1B 80.0 69.0 69.0 76.0 71.0 77 7 1
Sims Limited 3.0B 50.0 62.0 85.0 86.0 56.0 82 8 1
Piedmont Lithium Inc. 1.6B 80.0 72.0 45.0 51.0 76.0 52 9 1
Regis Resources Limited 1.2B 77.0 73.0 51.0 48.0 64.0 53 10 1
Mincor Resources NL 1.0B 83.0 77.0 43.0 62.0 59.0 62 11 1
Equigold NL 854.0M 57.0 47.0 77.0 50.0 47.0 49 12 1
St Barbara Limited 803.5M 79.0 68.0 51.0 49.0 60.0 52 13 1
Imdex Limited 781.0M 59.0 69.0 84.0 61.0 77.0 70 14 1
Jervois Global Limited 714.3M 80.0 77.0 45.0 38.0 80.0 47 15 1
Red 5 Limited 636.3M 48.0 44.0 39.0 55.0 95.0 47 16 1
Westgold Resources Limited 573.1M 77.0 63.0 55.0 47.0 59.0 52 17 1
Bowen Coking Coal Limited 564.7M 78.0 73.0 56.0 64.0 78.0 66 18 1
Mount Gibson Iron Limited 538.7M 94.0 73.0 39.0 41.0 74.0 48 19 1
Argosy Minerals Limited 518.7M 78.0 73.0 56.0 64.0 78.0 66 20 1
Perenti Global Limited 495.2M 68.0 70.0 51.0 61.0 73.0 60 21 1
Champion Iron Limited 441.1M 78.0 62.0 50.0 38.0 71.0 45 22 1
Alkane Resources Limited 437.8M 45.0 60.0 82.0 88.0 40.0 77 23 1
Aquarius Platinum Limited 370.8M 62.0 94.0 87.0 84.0 79.0 99 24 1
Kingsgate Consolidated Limited 369.6M 53.0 75.0 97.0 44.0 44.0 68 25 1
Macmahon Holdings Limited 357.0M 47.0 63.0 72.0 78.0 45.0 68 26 1
Resolute Mining Limited 325.7M 64.0 58.0 70.0 80.0 75.0 69 27 1
Andromeda Metals Limited 304.6M 78.0 73.0 56.0 64.0 78.0 66 28 1
Pantoro Limited 283.7M 78.0 73.0 56.0 64.0 78.0 66 29 1
Tribune Resources Limited 195.7M 68.0 77.0 61.0 82.0 54.0 70 30 1
Poseidon Nickel Limited 193.0M 68.0 66.0 78.0 90.0 85.0 81 31 1
Grange Resources Ltd. 173.4M 71.0 47.0 85.0 66.0 67.0 58 32 1
TNG Limited 166.6M 65.0 65.0 47.0 81.0 75.0 66 33 1
Nova Minerals Limited 153.2M 65.0 41.0 51.0 49.0 89.0 55 34 1
Latrobe Magnesium Limited 151.4M 64.0 57.0 43.0 95.0 93.0 68 35 1
CI Resources Limited 144.5M 67.0 66.0 74.0 63.0 78.0 73 36 1
Group 6 Metals Limited 138.8M 69.0 56.0 38.0 95.0 90.0 67 37 1
Capral Limited 137.5M 66.0 61.0 43.0 76.0 81.0 64 38 1
Legend Mining Limited 129.5M 66.0 70.0 79.0 56.0 59.0 69 39 1
Bougainville Copper Limited 128.3M 61.0 71.0 68.0 40.0 54.0 57 40 1
Astron Corporation Limited 89.4M 67.0 72.0 79.0 66.0 60.0 73 41 1
Cyprium Metals Limited 75.7M 69.0 56.0 37.0 88.0 82.0 62 42 1
GreenX Metals Limited 71.0M 67.0 83.0 80.0 59.0 48.0 74 43 1
GME Resources Limited 69.0M 69.0 75.0 49.0 94.0 61.0 70 44 1
Resource Mining Corporation Limited 66.9M 71.0 82.0 50.0 76.0 58.0 77 45 1
FYI Resources Limited 64.0M 66.0 62.0 50.0 81.0 79.0 67 46 1
Troy Resources Limited 62.9M 75.0 92.0 47.0 72.0 62.0 79 47 1
Kairos Minerals Limited 57.0M 66.0 63.0 50.0 50.0 59.0 57 48 1
Tanami Gold NL 54.1M 68.0 59.0 78.0 77.0 86.0 75 49 1
Mineral Commodities Ltd 48.2M 70.0 58.0 79.0 58.0 64.0 66 50 1
Horizon Minerals Limited 47.6M 67.0 64.0 78.0 41.0 77.0 70 51 1
Astral Resources NL 44.7M 68.0 68.0 79.0 51.0 53.0 66 52 1
Amerod Resources Limited 44.5M 42.0 62.0 86.0 63.0 69.0 66 53 1
Focus Minerals Limited 40.1M 71.0 66.0 41.0 86.0 48.0 58 54 1
Elkedra Diamonds NL 38.0M 55.0 68.0 81.0 88.0 67.0 71 55 1
Kingston Resources Limited 36.8M 70.0 60.0 42.0 86.0 76.0 64 56 1
Metals Australia Ltd 34.6M 67.0 68.0 47.0 71.0 51.0 59 57 1
Magontec Limited 33.8M 67.0 63.0 63.0 87.0 88.0 75 58 1
Indiana Resources Limited 29.7M 68.0 57.0 61.0 87.0 88.0 72 59 1
EV Resources Limited 29.6M 66.0 57.0 48.0 87.0 93.0 69 60 1
Valor Resources Limited 29.3M 67.0 58.0 45.0 95.0 89.0 69 61 1
Austral Gold Limited 28.8M 66.0 73.0 57.0 45.0 49.0 60 62 1
Surefire Resources NL 25.3M 66.0 58.0 41.0 95.0 97.0 71 63 1
Equatorial Resources Limited 24.9M 67.0 69.0 75.0 64.0 78.0 78 64 1
Equus Mining Limited 21.8M 70.0 56.0 40.0 72.0 64.0 55 65 1
Antilles Gold Limited 21.0M 50.0 72.0 42.0 59.0 48.0 53 66 1
Labyrinth Resources Limited 21.0M 70.0 55.0 38.0 86.0 85.0 63 67 1
Citigold Corporation Limited 19.8M 78.0 73.0 79.0 71.0 55.0 75 68 1
Lachlan Star Limited 19.8M 66.0 71.0 53.0 66.0 52.0 61 69 1
Titanium Sands Limited 19.5M 66.0 71.0 79.0 49.0 56.0 68 70 1
Sunshine Gold Limited 18.6M 68.0 58.0 53.0 88.0 86.0 69 71 1
Helix Resources Limited 18.6M 70.0 65.0 45.0 75.0 50.0 56 72 1
Hawthorn Resources Limited 18.5M 56.0 71.0 53.0 65.0 73.0 61 73 1
Sihayo Gold Limited 18.3M 68.0 77.0 79.0 37.0 40.0 65 74 1
Rimfire Pacific Mining Limited 18.1M 67.0 73.0 79.0 54.0 59.0 72 75 1
Astro Resources NL 16.5M 65.0 73.0 79.0 40.0 51.0 66 76 1
NT Minerals Limited 15.2M 66.0 74.0 58.0 41.0 45.0 59 77 1
Comet Resources Limited 13.8M 70.0 52.0 97.0 66.0 65.0 70 78 1
Golden Cross Resources Limited 13.2M 76.0 76.0 54.0 65.0 50.0 66 79 1
Admiralty Resources NL 13.0M 68.0 72.0 78.0 95.0 53.0 74 80 1
Ora Gold Limited 12.8M 84.0 63.0 48.0 81.0 45.0 61 81 1
Adavale Resources Limited 11.8M 65.0 58.0 40.0 79.0 88.0 64 82 1
Metalicity Limited 10.4M 68.0 59.0 78.0 46.0 84.0 71 83 1
Besra Gold Inc. 9.4M 65.0 76.0 75.0 45.0 48.0 67 84 1
Sipa Resources Limited 9.2M 65.0 54.0 40.0 88.0 95.0 69 85 1
Variscan Mines Limited 9.1M 64.0 81.0 44.0 64.0 45.0 59 86 1
Argonaut Resources NL 9.0M 66.0 78.0 97.0 43.0 41.0 71 87 1
Prodigy Gold NL 8.4M 69.0 77.0 60.0 45.0 41.0 61 88 1
Ookami Limited 7.0M 61.0 79.0 45.0 74.0 47.0 62 89 1
Austpac Resources N.L. 6.3M 64.0 79.0 51.0 77.0 57.0 72 90 1
Mount Burgess Mining N.L. 6.0M 92.0 53.0 68.0 94.0 86.0 67 91 1
Cullen Resources Limited 5.7M 69.0 69.0 48.0 64.0 52.0 61 92 1
Strategic Energy Resources Limited 5.4M 66.0 42.0 75.0 51.0 87.0 62 93 1
Intrepid Mines Limited 5.0M 66.0 92.0 94.0 61.0 40.0 85 94 1
Arrowhead Resources Limited 3.0M 67.0 44.0 42.0 51.0 92.0 56 95 1
Eurogold Limited 2.6M 89.0 42.0 79.0 85.0 73.0 59 96 1
Excalibur Mining Corporation Limited 1.4M 63.0 53.0 80.0 91.0 48.0 59 97 1

Income Statement Analysis

Overall, Newcrest's critical income statement metrics appear to signal strong support and a high likelihood of positive growth going into the next quarters. Newcrest's financials reveal an interesting trend for their revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 23.1%. Their impressive revenue efficiency is even more impressive relative to its peers and competitors in the current market. Consequently, their revenue efficiency received a grade of 95. Also, In this filing, Newcrest reported a return on equity (ROE) ratio of 9.3, which represents a change of -25.3%. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 47. That said, one metric, EBITDA, stood out as particularly concerning. Newcrest's EBIDTA now sits at 1.9B and represents -20.4% change from the last reporting period. This metric might have a 19.7 percent impact on companies in the same industry and with the same market capitalization. The company's EBITDA metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 45. the companies' income statement, therefore, earned a score of 66.

Parameter Value Change Score
EBITDA 1.9B -20.4% 45
Total Revenues 4.1B -10.0% 95
Return on Equity 9.3 -25.3% 47
* All values are TTM

The below chart describes Newcrest's performance as reflected on its income statement with respect to its peers. While Newcrest received a income statement score of 66 , the average of its peers stands on 69.0.

  •  NCM
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 210.4B 92.0 72.0 77.0 84 0 1
Fortescue Metals Group Limited 58.9B 58.0 78.0 75.0 67 1 1
Lynas Rare Earths Limited 8.8B 50.0 90.0 83.0 70 2 1
OZ Minerals Limited 8.7B 48.0 82.0 82.0 67 3 1
BlueScope Steel Limited 8.1B 86.0 74.0 66.0 72 4 1
Alumina Limited 4.5B 88.0 74.0 75.0 80 5 1
Iluka Resources Limited 4.2B 50.0 60.0 89.0 60 6 1
Zimplats Holdings Limited 3.1B 94.0 49.0 52.0 68 7 1
Sims Limited 3.0B 50.0 84.0 82.0 70 8 1
Piedmont Lithium Inc. 1.6B 86.0 59.0 67.0 73 9 1
Regis Resources Limited 1.2B 65.0 49.0 45.0 52 10 1
Mincor Resources NL 1.0B 98.0 57.0 59.0 77 11 1
Equigold NL 854.0M 79.0 43.0 91.0 66 12 1
St Barbara Limited 803.5M 94.0 56.0 52.0 70 13 1
Imdex Limited 781.0M 77.0 61.0 56.0 56 14 1
Jervois Global Limited 714.3M 84.0 97.0 96.0 96 15 1
Red 5 Limited 636.3M 95.0 58.0 66.0 74 16 1
Westgold Resources Limited 573.1M 84.0 57.0 43.0 64 17 1
Bowen Coking Coal Limited 564.7M 88.0 62.0 66.0 73 18 1
Mount Gibson Iron Limited 538.7M 99.0 62.0 66.0 78 19 1
Argosy Minerals Limited 518.7M 88.0 62.0 66.0 73 20 1
Perenti Global Limited 495.2M 73.0 82.0 87.0 78 21 1
Champion Iron Limited 441.1M 99.0 39.0 40.0 64 22 1
Alkane Resources Limited 437.8M 68.0 75.0 72.0 70 23 1
Aquarius Platinum Limited 370.8M 46.0 38.0 37.0 39 24 1
Kingsgate Consolidated Limited 369.6M 99.0 77.0 66.0 81 25 1
Macmahon Holdings Limited 357.0M 88.0 51.0 48.0 65 26 1
Resolute Mining Limited 325.7M 80.0 62.0 70.0 72 27 1
Andromeda Metals Limited 304.6M 88.0 62.0 66.0 73 28 1
Pantoro Limited 283.7M 88.0 62.0 66.0 73 29 1
Tribune Resources Limited 195.7M 95.0 46.0 47.0 53 30 1
Poseidon Nickel Limited 193.0M 77.0 68.0 62.0 70 31 1
Grange Resources Ltd. 173.4M 38.0 82.0 80.0 79 32 1
TNG Limited 166.6M 99.0 42.0 48.0 51 33 1
Nova Minerals Limited 153.2M 77.0 73.0 82.0 76 34 1
Latrobe Magnesium Limited 151.4M 77.0 63.0 77.0 68 35 1
CI Resources Limited 144.5M 87.0 56.0 59.0 59 36 1
Group 6 Metals Limited 138.8M 77.0 55.0 86.0 63 37 1
Capral Limited 137.5M 50.0 74.0 67.0 71 38 1
Legend Mining Limited 129.5M 94.0 79.0 68.0 82 39 1
Bougainville Copper Limited 128.3M 71.0 65.0 71.0 70 40 1
Astron Corporation Limited 89.4M 46.0 80.0 71.0 76 41 1
Cyprium Metals Limited 75.7M 97.0 65.0 46.0 69 42 1
GreenX Metals Limited 71.0M 95.0 70.0 54.0 73 43 1
GME Resources Limited 69.0M 77.0 57.0 44.0 59 44 1
Resource Mining Corporation Limited 66.9M 49.0 72.0 65.0 72 45 1
FYI Resources Limited 64.0M 77.0 55.0 77.0 62 46 1
Troy Resources Limited 62.9M 58.0 72.0 54.0 69 47 1
Kairos Minerals Limited 57.0M 77.0 91.0 90.0 92 48 1
Tanami Gold NL 54.1M 77.0 71.0 53.0 71 49 1
Mineral Commodities Ltd 48.2M 59.0 44.0 44.0 46 50 1
Horizon Minerals Limited 47.6M 98.0 78.0 67.0 82 51 1
Astral Resources NL 44.7M 77.0 69.0 81.0 73 52 1
Amerod Resources Limited 44.5M 39.0 91.0 52.0 84 53 1
Focus Minerals Limited 40.1M 97.0 66.0 69.0 73 54 1
Elkedra Diamonds NL 38.0M 96.0 61.0 50.0 63 55 1
Kingston Resources Limited 36.8M 77.0 82.0 84.0 84 56 1
Metals Australia Ltd 34.6M 94.0 65.0 68.0 71 57 1
Magontec Limited 33.8M 51.0 95.0 96.0 91 58 1
Indiana Resources Limited 29.7M 77.0 66.0 86.0 71 59 1
EV Resources Limited 29.6M 77.0 71.0 82.0 75 60 1
Valor Resources Limited 29.3M 77.0 48.0 66.0 55 61 1
Austral Gold Limited 28.8M 95.0 52.0 65.0 60 62 1
Surefire Resources NL 25.3M 69.0 50.0 87.0 58 63 1
Equatorial Resources Limited 24.9M 60.0 66.0 57.0 65 64 1
Equus Mining Limited 21.8M 77.0 70.0 86.0 74 65 1
Antilles Gold Limited 21.0M 38.0 56.0 73.0 55 66 1
Labyrinth Resources Limited 21.0M 77.0 60.0 81.0 66 67 1
Citigold Corporation Limited 19.8M 77.0 51.0 49.0 55 68 1
Lachlan Star Limited 19.8M 77.0 77.0 90.0 81 69 1
Titanium Sands Limited 19.5M 77.0 77.0 78.0 79 70 1
Sunshine Gold Limited 18.6M 77.0 70.0 88.0 75 71 1
Helix Resources Limited 18.6M 48.0 63.0 69.0 63 72 1
Hawthorn Resources Limited 18.5M 58.0 83.0 80.0 81 73 1
Sihayo Gold Limited 18.3M 77.0 65.0 65.0 68 74 1
Rimfire Pacific Mining Limited 18.1M 40.0 83.0 79.0 78 75 1
Astro Resources NL 16.5M 45.0 62.0 59.0 59 76 1
NT Minerals Limited 15.2M 77.0 54.0 63.0 59 77 1
Comet Resources Limited 13.8M 79.0 61.0 78.0 67 78 1
Golden Cross Resources Limited 13.2M 77.0 68.0 69.0 71 79 1
Admiralty Resources NL 13.0M 77.0 55.0 53.0 59 80 1
Ora Gold Limited 12.8M 94.0 69.0 45.0 70 81 1
Adavale Resources Limited 11.8M 77.0 54.0 79.0 61 82 1
Metalicity Limited 10.4M 37.0 65.0 77.0 62 83 1
Besra Gold Inc. 9.4M 81.0 54.0 63.0 60 84 1
Sipa Resources Limited 9.2M 94.0 82.0 77.0 84 85 1
Variscan Mines Limited 9.1M 79.0 68.0 66.0 71 86 1
Argonaut Resources NL 9.0M 77.0 56.0 45.0 59 87 1
Prodigy Gold NL 8.4M 77.0 44.0 42.0 48 88 1
Ookami Limited 7.0M 95.0 72.0 71.0 73 89 1
Austpac Resources N.L. 6.3M 72.0 75.0 72.0 76 90 1
Mount Burgess Mining N.L. 6.0M 41.0 78.0 76.0 76 91 1
Cullen Resources Limited 5.7M 93.0 62.0 75.0 65 92 1
Strategic Energy Resources Limited 5.4M 50.0 73.0 67.0 73 93 1
Intrepid Mines Limited 5.0M 76.0 65.0 91.0 72 94 1
Arrowhead Resources Limited 3.0M 97.0 76.0 72.0 81 95 1
Eurogold Limited 2.6M 97.0 66.0 60.0 69 96 1
Excalibur Mining Corporation Limited 1.4M 68.0 58.0 69.0 67 97 1

Cash Flow Analysis

Newcrest's cash flow factors had several troubling metrics this period. Free cash flow numbers published by Newcrest were 0.4, which was a -67.7% change from the previous filing. Companies in the same sector and market capitalization will usually be affected by up to 4.3 percent by this parameter. Their free cash flow situation is more concerning relative to their peers and competitors. Its free cash flow movement, therefore, received a grade of 48. Also, Newcrest's asset turnover numbers were discouraging, reflecting significant concerns related to management's ability to leverage assets to generate sales effectively and efficiently. Newcrest recorded asset turnover of 0.3, which represents a -12.7% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 2.1%. The company's asset turnover metrics seem especially problematic relative to their peers. Underwhelming results in asset turnover metrics often lead to negative pressure in stock prices, so we rated its asset turnover momentum 56. However, we can we draw some encouragement from Newcrest's momentum in cash flow generation. Newcrest's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -1.4B, which represents a -16.4% change from the last period. This performance is all the more impressive relative to their peers and competitors. The company's CapEx movement, therefore, received a grade of 63. Therefore, it received a cautionary score of 57.

Parameter Value Change Score
Net Cashflow -513.0M -221.6% 59
Capital Expenditure -1.4B -16.4% 63
Asset Turnover 0.3 -12.7% 56
Free Cashflow Per Share 0.4 -67.7% 48
* All values are TTM

The below chart describes Newcrest's performance as reflected on its cash flow with respect to its peers. While Newcrest received a cash flow score of 57, the average of its peers stands on 66.0.

  •  NCM
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 210.4B 75.0 76.0 87.0 66.0 76 0 1
Fortescue Metals Group Limited 58.9B 76.0 78.0 69.0 73.0 75 1 1
Lynas Rare Earths Limited 8.8B 79.0 63.0 76.0 59.0 70 2 1
OZ Minerals Limited 8.7B 69.0 97.0 66.0 72.0 78 3 1
BlueScope Steel Limited 8.1B 49.0 47.0 56.0 71.0 53 4 1
Alumina Limited 4.5B 69.0 74.0 76.0 71.0 73 5 1
Iluka Resources Limited 4.2B 76.0 84.0 52.0 73.0 73 6 1
Zimplats Holdings Limited 3.1B 76.0 77.0 63.0 44.0 64 7 1
Sims Limited 3.0B 81.0 90.0 50.0 72.0 75 8 1
Piedmont Lithium Inc. 1.6B 73.0 79.0 88.0 73.0 79 9 1
Regis Resources Limited 1.2B 66.0 76.0 67.0 69.0 69 10 1
Mincor Resources NL 1.0B 63.0 63.0 72.0 45.0 57 11 1
Equigold NL 854.0M 91.0 69.0 72.0 83.0 87 12 1
St Barbara Limited 803.5M 55.0 46.0 71.0 54.0 56 13 1
Imdex Limited 781.0M 71.0 72.0 79.0 74.0 74 14 1
Jervois Global Limited 714.3M 62.0 76.0 55.0 97.0 75 15 1
Red 5 Limited 636.3M 70.0 48.0 48.0 61.0 60 16 1
Westgold Resources Limited 573.1M 59.0 69.0 71.0 60.0 63 17 1
Bowen Coking Coal Limited 564.7M 69.0 69.0 76.0 60.0 68 18 1
Mount Gibson Iron Limited 538.7M 69.0 69.0 58.0 57.0 64 19 1
Argosy Minerals Limited 518.7M 69.0 69.0 76.0 60.0 68 20 1
Perenti Global Limited 495.2M 62.0 69.0 54.0 77.0 67 21 1
Champion Iron Limited 441.1M 61.0 44.0 67.0 39.0 48 22 1
Alkane Resources Limited 437.8M 71.0 58.0 68.0 69.0 68 23 1
Aquarius Platinum Limited 370.8M 77.0 96.0 38.0 63.0 62 24 1
Kingsgate Consolidated Limited 369.6M 64.0 69.0 90.0 98.0 76 25 1
Macmahon Holdings Limited 357.0M 72.0 53.0 46.0 58.0 63 26 1
Resolute Mining Limited 325.7M 56.0 83.0 85.0 65.0 68 27 1
Andromeda Metals Limited 304.6M 69.0 69.0 76.0 60.0 68 28 1
Pantoro Limited 283.7M 69.0 69.0 76.0 60.0 68 29 1
Tribune Resources Limited 195.7M 80.0 89.0 53.0 67.0 78 30 1
Poseidon Nickel Limited 193.0M 74.0 61.0 82.0 54.0 68 31 1
Grange Resources Ltd. 173.4M 66.0 69.0 41.0 92.0 55 32 1
TNG Limited 166.6M 67.0 79.0 53.0 67.0 67 33 1
Nova Minerals Limited 153.2M 75.0 79.0 74.0 78.0 77 34 1
Latrobe Magnesium Limited 151.4M 72.0 48.0 65.0 70.0 70 35 1
CI Resources Limited 144.5M 60.0 53.0 61.0 69.0 65 36 1
Group 6 Metals Limited 138.8M 84.0 69.0 65.0 71.0 81 37 1
Capral Limited 137.5M 72.0 53.0 79.0 78.0 76 38 1
Legend Mining Limited 129.5M 81.0 91.0 41.0 73.0 81 39 1
Bougainville Copper Limited 128.3M 80.0 82.0 88.0 58.0 75 40 1
Astron Corporation Limited 89.4M 74.0 77.0 55.0 62.0 68 41 1
Cyprium Metals Limited 75.7M 78.0 69.0 65.0 92.0 83 42 1
GreenX Metals Limited 71.0M 82.0 65.0 63.0 92.0 88 43 1
GME Resources Limited 69.0M 77.0 79.0 50.0 60.0 73 44 1
Resource Mining Corporation Limited 66.9M 72.0 55.0 56.0 47.0 63 45 1
FYI Resources Limited 64.0M 57.0 63.0 65.0 53.0 55 46 1
Troy Resources Limited 62.9M 72.0 50.0 50.0 44.0 57 47 1
Kairos Minerals Limited 57.0M 75.0 58.0 85.0 62.0 71 48 1
Tanami Gold NL 54.1M 62.0 51.0 41.0 82.0 66 49 1
Mineral Commodities Ltd 48.2M 88.0 91.0 63.0 76.0 88 50 1
Horizon Minerals Limited 47.6M 55.0 45.0 83.0 97.0 66 51 1
Astral Resources NL 44.7M 59.0 79.0 54.0 84.0 67 52 1
Amerod Resources Limited 44.5M 57.0 86.0 67.0 94.0 83 53 1
Focus Minerals Limited 40.1M 69.0 59.0 79.0 71.0 70 54 1
Elkedra Diamonds NL 38.0M 71.0 89.0 38.0 42.0 47 55 1
Kingston Resources Limited 36.8M 55.0 64.0 84.0 57.0 56 56 1
Metals Australia Ltd 34.6M 74.0 76.0 74.0 75.0 75 57 1
Magontec Limited 33.8M 83.0 94.0 92.0 56.0 78 58 1
Indiana Resources Limited 29.7M 64.0 64.0 37.0 55.0 60 59 1
EV Resources Limited 29.6M 63.0 62.0 50.0 54.0 59 60 1
Valor Resources Limited 29.3M 72.0 46.0 65.0 58.0 66 61 1
Austral Gold Limited 28.8M 59.0 69.0 78.0 85.0 67 62 1
Surefire Resources NL 25.3M 71.0 57.0 85.0 50.0 64 63 1
Equatorial Resources Limited 24.9M 44.0 40.0 73.0 83.0 55 64 1
Equus Mining Limited 21.8M 72.0 56.0 87.0 79.0 74 65 1
Antilles Gold Limited 21.0M 83.0 85.0 65.0 65.0 79 66 1
Labyrinth Resources Limited 21.0M 64.0 69.0 65.0 80.0 69 67 1
Citigold Corporation Limited 19.8M 68.0 75.0 65.0 60.0 66 68 1
Lachlan Star Limited 19.8M 68.0 76.0 77.0 56.0 65 69 1
Titanium Sands Limited 19.5M 66.0 80.0 50.0 79.0 71 70 1
Sunshine Gold Limited 18.6M 86.0 53.0 93.0 83.0 85 71 1
Helix Resources Limited 18.6M 67.0 79.0 51.0 55.0 64 72 1
Hawthorn Resources Limited 18.5M 64.0 58.0 53.0 70.0 57 73 1
Sihayo Gold Limited 18.3M 74.0 77.0 79.0 86.0 79 74 1
Rimfire Pacific Mining Limited 18.1M 74.0 48.0 63.0 62.0 70 75 1
Astro Resources NL 16.5M 58.0 53.0 65.0 72.0 61 76 1
NT Minerals Limited 15.2M 60.0 53.0 92.0 84.0 67 77 1
Comet Resources Limited 13.8M 59.0 71.0 55.0 87.0 67 78 1
Golden Cross Resources Limited 13.2M 76.0 76.0 56.0 74.0 76 79 1
Admiralty Resources NL 13.0M 67.0 47.0 65.0 55.0 61 80 1
Ora Gold Limited 12.8M 77.0 74.0 77.0 43.0 69 81 1
Adavale Resources Limited 11.8M 71.0 69.0 65.0 54.0 66 82 1
Metalicity Limited 10.4M 75.0 84.0 51.0 46.0 67 83 1
Besra Gold Inc. 9.4M 57.0 37.0 97.0 80.0 63 84 1
Sipa Resources Limited 9.2M 85.0 83.0 79.0 64.0 80 85 1
Variscan Mines Limited 9.1M 77.0 77.0 53.0 68.0 76 86 1
Argonaut Resources NL 9.0M 59.0 61.0 85.0 66.0 61 87 1
Prodigy Gold NL 8.4M 58.0 54.0 43.0 80.0 63 88 1
Ookami Limited 7.0M 72.0 73.0 79.0 70.0 73 89 1
Austpac Resources N.L. 6.3M 77.0 79.0 82.0 55.0 74 90 1
Mount Burgess Mining N.L. 6.0M 70.0 58.0 58.0 93.0 67 91 1
Cullen Resources Limited 5.7M 64.0 72.0 57.0 44.0 55 92 1
Strategic Energy Resources Limited 5.4M 52.0 79.0 68.0 53.0 54 93 1
Intrepid Mines Limited 5.0M 86.0 84.0 66.0 62.0 74 94 1
Arrowhead Resources Limited 3.0M 62.0 79.0 70.0 84.0 70 95 1
Eurogold Limited 2.6M 68.0 63.0 37.0 69.0 59 96 1
Excalibur Mining Corporation Limited 1.4M 70.0 51.0 47.0 53.0 66 97 1

This report, prepared and provided by Deshe Labs Ltd ("Deshe"), is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used, construed, or considered as financial or investment advice, an offer, a solicitation of any offer, a recommendation, or an offer to invest in, sell or buy the securities mentioned in this report or other form of a financial asset or as a marketing communication under FCA Rules. For the full disclaimer, click here.