News Articles for Newcrest Mining

Aspiring gold producer Greatland Gold has recruited three of the state's most prominent company directors while also attracting Andrew Forrest's Wyloo Metals as its top shareholder.

Multi-element explorer St George Mining has wrapped up its maiden drill campaign after completing its three final drill holes at the company's Paterson copper-gold project in WA's Pilbara region. St George will now shift focus to its Mt Alexander nickel and copper project west of Leonora as it looks to drill a set of nickel, copper and PGE targets and collect rock chip samples from a pegmatite outcrop.

Australia's biggest gold miner Newcrest Mining has posted a drop in full-year profit for 2022 and warns of ongoing global cost pressures and labour shortages.

Business News has tracked dramatic changes in the ranking of WA's largest goldminers over more than a decade.

ASX-listed mining software firm K2fly has tabled record growth in key metrics for the June quarter and the 2022 financial year after continuing its hot streak of contract wins. The company posted record results in annual recurring revenue, invoices raised and cash receipts in addition to closing out the financial year with a cashflow-positive quarter of $1.7 million.

K2fly has tabled some healthy numbers from the March quarter with record invoices of $3.3m, maintaining its all-time high total contract values of $16.6m and cracking the $5m mark in annual recurring revenue for the first time. The company operates in the global resources space under a ‘Software as a Service' business model – meaning it delivers its software on a subscription basis.

ASX-listed Middle Island Resources has completed a ground-based induced polarity survey at its Barkly copper-gold project in the Northern Territory's East Tennant Creek region. The company says the survey is expected to provide a three-dimensional outline of the prospect's anomaly and assist in target definition with a drill program expected to kick off next month.

After successfully shaking the tin for $6.2m, K2fly now has the largest privately owned mining software provider in the world on its register. Australian based Maptek has emerged from K2fly's latest capital raise with a 13.2 per cent holding in the ASX-listed mining software player. The deal also includes Maptek Chairman Peter Johnson taking a seat on the K2fly board as a non-executive director.

Perth engineering company Monadelphous has secured a number of new contracts and extensions, including with Woodside and South32.

Newcrest shares fell sharply in response to a quarterly update that detailed a 10 per cent lift in production but potential COVID-19 headwinds at its PNG operations.

Woodside Petroleum's chief financial officer Sherry Duhe is leaving the company after four years to take up the same position with fellow ASX-lister, Newcrest Mining.

Newcrest Mining is set to acquire Canadian goldminer Pretium Resources in a cash-and-scrip deal valued at about $3.7 billion.

Goldminer Newcrest Mining has put a price on developing its Havieron project in Western Australia, while detailing plans for its assets in Canada and Papua New Guinea.

Newcrest Mining has been fined after a worker in outback Western Australia suffered serious injuries when she was attacked by dingoes while on her lunch break.

Australia's gold production in the past six months has exceeded China's figures, according to a Melbourne consultancy.

Listed contractor Macmahon Holdings has secured further work at the Tropicana and Telfer mines in Western Australia, with the contracts worth more than $600 million in total.

A multi-billion-dollar merger has brought a change at the top of Business News' list of goldminers.

Favourable market conditions have led to a suite of new gold producers and projects.

ASX-listed mining technology company K2fly has laid out plans for an executive changing of the guard with Chief Commercial Officer and veteran industry leader Nic Pollock to take the helm as Chief Executive Officer from the start of September this year. Current CEO Brian Miller says he remains committed to the company and will continue as an Executive Director.

St George Mining is off to a flying start in its copper-gold search in the “world-class” Paterson region of Western Australia with multiple holes from its maiden drilling campaign at its Paterson prospect hitting prospective basement rocks. Initial XRF analysis has returned elevated levels of pathfinder elements suggesting potential for base metal and gold mineralisation across 35km of target stratigraphy at the company's tenure.

Australian gold production was down 11 per cent in the first three months of the year, according to Melbourne-based consultancy Surbiton Associates.

Newcrest Mining and South32 have announced plans to reduce their carbon emissions in the coming decades, in line with commitments to sustainable mining.

WA focused nickel explorer St George Mining continues to intercept nickel sulphides beneath the high-grade deposits at the Mt Alexander project in the Goldfields. Step-out drilling from a recent discovery hole has commenced with the company now well-funded for future works via an oversubscribed $7 million capital raise. A maiden drilling campaign at the Paterson project is also due to begin in May.

Newcrest Mining has reported a six per cent jump in gold output from its Telfer operations in the Pilbara, despite heavy rainfall during the March quarter.

Perenti is expecting to grow its presence in North America, after being approached by Newcrest Mining to work on a Canadian project.

Antipa Minerals has secured $22 million from a share placement, which will be used to fund ongoing exploration across the company's gold and copper tenements in WA.

High-quality copper prospects are becoming harder to find, but juniors are poised for the challenge.

Newcrest Mining has approved a $146 million early construction cost for its Havieron gold-copper project in WA, which the company will develop alongside UK's Greatland Gold.

Investment prospects for gold remain strong, with the potential for Australian production to exceed the record 326 tonnes set in 2019.

Newcrest Mining has withdrawn from a farm-in deal with Perth-based Prodigy Gold over a project in Northern Territory's Tanami region.

Gold assets in the US and Canada are on the radar for local producers.

After a rocky start to the year, confidence in WA's gold sector is driving economic activity, with investment and exploration up.

Shares in Northern Star Resources and Saracen Mineral Holdings rose strongly today after they announced a merger to create a top 10 global gold producer with a market value of $16 billion.

Our board moves wrap includes Jeff McKenzie and Sally-Anne Layman.

Newcrest Mining employees are gearing up for a 2,250 kilometre bike ride for mental health, after raising $110,00 for charity in the inaugural event last year.

Newcrest Mining has reported solid financial results for the full year, including an $86 million rise in profit, despite a drop in gold production.

Newcrest Mining has achieved its production guidance for the 2020 financial year, however, the goldminer's full-year output was 13 per cent down on the prior year.

Antipa Minerals has secured its third farm-in deal, with IGO to invest up to $30 million to explore the company's tenements in the Paterson copper-gold province.

Gold producers and explorers are undertaking capital raisings and project expansions amid recent record prices.

Newcrest Mining has completed a $1 billion placement, partly to fund an increased stake in a goldmine in South America, amid to raise a further $100 million under a share purchase plan.