Newcrest Mining

Australian gold production fell by 10 tonnes, or 12 per cent from the previous quarter during the March period, according to gold consultants Surbiton Associates.

The gold industry is faring well during the coronavirus pandemic that is affecting so many other industries around the world, according to Resources Monitor’s latest report.

Stay on top of the most popular stories on Australian Mining over the past week, including Papua New Guinea refusing to extend Barrick’s lease on the Porgera gold mine.

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.

Rio Tinto chairman Simon Thompson has been named the highest paid single board director in the 100 largest ASX-listed companies, with an annual paycheck of more than $1.6 million.

Australian gold prices have hit seven-year highs yet again, with ABC Bullion recording a price of $2712.49 per ounce last week, before dropping over the weekend and settling back at $2672.78.

Newcrest Mining has maintained its guidance for the 2020 financial year despite limitations on workforce movement interstate and internationally.

Leaders of the resources sector and the Federal Minister for Resources, Water and Northern Australia, Keith Pitt have convened in Canberra to come up with a plan against the impact of the coronavirus outbreak.

Newcrest Mining is confident of delivering a strong first half of 2020, despite finishing the previous half with a 12 per cent reduction in gold output.

Newcrest Mining and Harmony Gold are set to resume talks for their Wafi-Golpu gold-copper joint venture project in Papua New Guinea after facing delays in securing project permits.

Newcrest Mining is set to purchase the GJ copper-gold property in British Columbia from Vancouver-based Skeena Resources for $C7.5 million ($8.37 million) in cash.

Newcrest Mining has agreed to sell Newcrest Singapore Holdings, which holds 75 per cent interest in Gosowong mine operator PT Nusa Halmahera Minerals, to PT Indotan Halmahera Bangkit.

Newcrest Mining’s Cadia mine has overcome drought and bushfires across New South Wales to achieve its second highest gold production to date, with 240,000 ounces.

Joint venture partners Newcrest Mining and Encounter Resources have confirmed the presence of near-surface gold at their exploration projects in Tanami, Western Australia. 

Newcrest Mining has struck a domestic gas sale agreement with Chevron that would go until July 2023.

Evolution Mining is the latest Australian gold miner to target North America for expansion after securing a deal to acquire the Red Lake Gold Complex in Canada from Newmont Goldcorp.

Newcrest Mining is focussed on achieving a goal of having five Tier 1 orebodies in its gold portfolio by the end of 2020.

Newcrest Mining has increased rates for Macmahon’s work at its Telfer gold project in Western Australia, putting an end to their contractual dispute.

Safety and sustainability drive operational outcomes, according to Newcrest Mining chief development officer Michael Nossal.

Stay on top of the most popular stories on Australian Mining over the past week, including the latest contract Rio Tinto has awarded for the development of the Koodaideri iron ore project in Western Australia.