News Articles for Newcrest Mining

Gold producer Resolute Mining has appointed Sabina Shugg as a non-executive director, while new data from the Australian Institute of Company Directors has revealed an uptick in female participation on ASX 200 boards.

Newcrest Mining's fourth-quarter gold output has risen 15 per cent as a timely uptick in production at its flagship Cadia mine enabled it to meet production targets.

Newcrest Mining has struck a preliminary farm-in deal with ABM Resources in relation to the Nedlands-based company's Euro gold project in the Northern Territory.

The board of Finders Resources has been overhauled after Indonesian group Eastern Field Developments increased its stake above 90 per cent in its $177 million takeover of the copper miner, with David Fowler appointed as a director and acting chief executive.

Gold producers Newcrest Mining and Evolution Mining reported lower profits for the first half of the financial year, with Newcrest also disclosing the Telfer mine had a negative cash flow of $9 million for the period.

Treasurer Ben Wyatt has announced details of a new gold royalty increase that is budgeted to raise $332 million over four years while seeking to address the industry concerns that killed off his previous proposal, but the new plan has failed to win support.

Australian shares finished lower on Friday after losses concentrated in mining and energy stocks ended the market's run of recent gains.

The Australian share market has finished the session in negative territory, with declines in the big banks and the materials sector offsetting a day of strong gains for local oil stocks.

Newcrest Mining will spend $93 million this quarter to expand its Telfer gold mine in Western Australia, after the state government was last week forced to abandon its planned gold royalty increase.

Treasurer Ben Wyatt has lashed the opposition for not backing the proposed gold royalty hike, which is now set to fail in parliament, claiming the Liberal Party has opposed more than $1 billion in budget repair measures.

Ten gold sector leaders spoke in unison today about the damage they believe will flow from the state government's hike in royalties, and also made clear they are targeting the Liberal Party to block the change.

The premier has dismissed claims that almost 3,000 jobs would be lost under the state government's planned gold royalty hike, after a report claimed that five existing mines were at risk of closing if the royalty was enacted.

SPECIAL REPORT: The gold royalty hike proposed in this month's state budget has stunned the sector, amid big spending plans for the year ahead.

Newcrest Mining has posted a lower-than-expected full-year profit after an earthquake at its biggest mine cut production earlier in the year.

Newcrest Mining has posted a 2.4 per cent drop in full-year gold production driven by lower output at its Cadia mine in NSW, which was shut after an earthquake in April.

Newcrest Mining has partially restarted operations at its Cadia East mine in NSW, which had been shut after an earthquake in April.

Newcrest Mining expects to hit the bottom end of its full-year guidance range as disruptions at its two Australian mines affect production.

ANALYSIS: Any improvement in the state's budget position is entirely dependent on the corporate sector returning to full health.

Perth-based NRW Holdings has won a $40 million contract to provide its services to Macmahon Holdings, which is operating at Newcrest Mining's Telfer gold mine in the Pilbara.

Newcrest Mining will pay its first interim dividend in four years after more than doubling first-half profit on the back of higher prices and increased gold and copper production.

Gold miner Newcrest Mining's production guidance for the full year remains unchanged despite flat output in the December quarter.

The United States Associated Press has called the presidential election for Republican candidate Donald Trump, after he won swing states Ohio and Florida and pulled bricks out of Hillary Clinton's rust belt blue wall, pushing WA gold stocks well up and causing volatility across financial markets.

Perth-based contractor Macmahon Holdings has flagged a hit to its earnings for the year after terminating its contract in Nigeria and incurring losses at Newcrest Mining's Telfer gold mine in WA.

SPECIAL REPORT: Some of Western Australia's biggest gold miners plan to boost their exploration spend in the coming year, with Saracen Mineral Holdings and Northern Star Resources among those committed to putting increasing amounts ‘into the ground'.

Newcrest Mining will pay a dividend for the first time in three and a half years despite a 12 per cent drop in full-year profit.

Newcrest Mining has scraped into meeting its full-year production guidance, despite posting lower output in the June quarter as it continued to struggle with disruptions at various operations.

The Australian dollar gold price hit an all-time record of $1,826 an ounce today after Britain elected to leave the European Union, with shares in local gold miners rallying strongly even though the broader stock market tumbled more than 3 per cent.

Plymouth Minerals has appointed John Sanders as technical manager and Robert Jewson as its business development manager.

Newcrest Mining has reaffirmed its full-year gold production guidance after its biggest mine returned to full production, helping to push up output.

Robert S Middlemas has resigned as non-executive director of Elemental Minerals, after 6 years with board both as a non-executive director and previously as a non-executive chairman.

Amy Fink has been appointed as company secretary of Black Mountain Resources. Ms Fink replaces Jane Flegg as company secretary.

Emma Walczak has been appointed as joint company secretary of Tanga Resources.

The resignation of Talisman Mining's managing director and the appointment of a new chief executive at Tiger Resources are among the recent board changes at four local junior miners.

ANALYSIS: It's not often that hyperbole merges with reality when it comes to resources, but WA's gold sector has just thrown conventional wisdom out the window.

Ardiden has appointed Bradley Boyle as executive director and Michael Stares as general manager – Canadian operations. Mr Boyle was formerly a managing director of Triton Minerals.

Newcrest Mining will pay $36 million to settle a class action launched by shareholders who claimed the gold miner had misled them.

Shares in Perth-based explorer Apollo Consolidated have surged on news it has struck an agreement with gold miner Newcrest Mining for its Seguela project in West Africa.

Newcrest Mining's first-half profit has fallen 55 per cent due to lower gold and copper prices and a shutdown at a major mine.

A Newcrest Mining worker is believed to be trapped nearly 300 metres underground at the company's Gosowong gold mine in Indonesia, after a ‘geotechnical event' triggered a rock fall.

Yan Lui has resigned from his positions of chief executive officer and Trinidad general manager at Range Resources. Mr Liu will remain on the board of director as a non-executive director.