Newcrest Mining has reported a strong first quarter following planned maintenance work, and is on track to meet annual guidance.
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Wyloo grabs major chunk of Greatland Gold
Wyloo Metals has announced an equity funding package of up to $120 million for Greatland Gold, thereby becoming its largest shareholder.
Greatland is a leading mining development and exploration company focussed on precious and base metals. It is developing the world-class Havieron gold-copper deposit in the Paterson region of Western Australia while delivering multi-project exploration upside in a low-risk jurisdiction.
Wyloo, owned by Andrew Forrest, will subscribe for 430,024,390 ordinary shares, priced at 8.2 pence per share, totalling $60 million and about 8.6 per cent of Greatland’s shares on issue.
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Greatland removes uncertainty from Havieron deal
Greatland Gold has successfully renegotiated its obligations with respect to its 2016 acquisition of the Havieron project in Western Australia from private company Five Diggers.
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Newcrest remains on target and on schedule
Newcrest enjoyed a 10 per cent increase in production over the December quarter due to an increase in the company's Cadia mill capacity with completion of the replacement and upgrade of the SAG mill motor.
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Newcrest to upgrade Telfer on road to Havieron
Newcrest Mining is planning infrastructure upgrades at its Telfer processing plant as the company targets first production at the Havieron gold-copper joint venture project in Western Australia.
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Havieron JV fast tracks project development
Greatland Gold has opened the underground decline at the Havieron gold-copper project in Western Australia.
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Newcrest credits company resilience to copper
Newcrest Mining chief executive Sandeep Biswas has observed increasing market interest in the company's copper assets, saying the base metal is a commodity of the future as much as gold.
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Greatland targets next Havieron-style discovery
Greatland Gold has applied for an exploration license that holds a similar magnetic target to the Havieron project in the Paterson Region of Western Australia.
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Newcrest culls Cadia costs into negative territory
Newcrest Mining has reported its lowest ever quarterly all-in-sustaining cost (AISC) at the Cadia gold-copper mine in New South Wales.
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Newcrest, Greatland deliver on Havieron’s accelerated timeline
Newcrest Mining has commenced early works at the Havieron gold-copper joint venture (JV) project in Western Australia.
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Newcrest grows Paterson Province presence
Newcrest Mining has entered a joint venture (JV) agreement with Greatland Gold for the Havieron project, 45 kilometres east of its Telfer gold mine in Western Australia’s Paterson Province.
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Newcrest anticipates strong pipeline of growth
Newcrest Mining is optimistic about the outlook of its project pipeline, including the Havieron project in Western Australia and Cadia expansion in New South Wales.
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Newcrest to fast-track Havieron development
Newcrest Mining intends to start the development of a decline at the Havieron project in Western Australia by early next year.
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COVID-19 a blow to mining deals
The COVID-19 pandemic has caused a $5.3 billion ($7.4 billion) drop in the total value of mining deals during the second quarter of this year.
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Newcrest raises $200m on top of billion-dollar placement
Newcrest Mining has raised an additional $200 million, after attracting $1 billion in funding during April, to support its gold expansion in Ecuador.
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Newcrest completes $1bn raising to propel growth ambitions
Newcrest Mining has completed its $1 billion raising within a day of announcing the placement.
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Newcrest banks on growth with $1.1bn raising
Newcrest Mining is set to raise $1.1 billion to fund future growth at its mine sites globally as other companies preserve cash due to concerns over economic uncertainty.
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Newcrest maintains production guidance amid virus challenges
Newcrest Mining has maintained its guidance for the 2020 financial year despite limitations on workforce movement interstate and internationally.
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Newcrest earns 40 per cent interest in Havieron project
Newcrest has qualified for 40 per cent interest in Havieron gold-copper project in the Paterson region of Western Australia.
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Newcrest revises 2020 gold output forecast
Newcrest has updated its gold production guidance for the 2020 financial year following a disappointing performance at the Lihir mine in Papua New Guinea and the Telfer mine in Western Australia.
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