Foreign-controlled miners are required to gradually start reducing ownership after five years of production.
Newcrest Mining Ltd. Mining News
Some media reports indicated that Newcrest, as part of the deal, would be interested in buying Newmont's Australian assets.
It’s tempting to wish Barrick and Newmont would just get a room and end the speculation.
Newcrest said it continues to expect gold production in the second half of the year to be higher than the first half due to fewer planned shutdowns.
Until now, gold has played second fiddle to the U.S. currency as investors have sought a safe haven in the face of trade war uncertainty now, we see gold’s appeal firming.
Miocene is in the Atacama and Antofagasta regions of Chile, where Cornerstone is targeting epithermal gold-silver and porphyry gold-copper deposits.
The miner said it had begun depositing tailings into the Cadia Hill open pit over the weekend.
Newcrest now expects production of 2.25-2.35 million ounces of gold for the full-year ending June 30.
Mining companies, including Newmont Mining Corp, Teck Resources and Barrick Gold Corp, reported increased costs this week in their quarterly earnings.
Gold producer says its total gold output from mines fell to 522,917 oz in the quarter ended Sept. 30 from 615,498 oz in the same period a year earlier.
Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by the year-end.
Suspensions at two of the company's main mines have caused Newcrest to miss estimated production targets.
After a mine technician was fatally injured at the site Sunday night.
Newcrest Mining, one of the world's biggest gold producers, said on Friday it was open to selling its Telfer gold and copper mine in Australia, once the company's flagship operation.
The revised plan for their jointly-owned Wafi-Golpu in PNG will require an initial capital spending cost of $2.3 billion.
Newcrest Mining Ltd. (NCM.AU) and Harmony Gold Mining Co. Ltd. (HAR.JO) will carry out a feasibility study for a possible new gold mine in Papua New Guinea that they forecast will cost US$2.3 billion to begin building, and which they say could start producing metal by the end of the decade.
The miner, which has already settled for $1.2 million with the Australian Securities and Investments Commission, has vowed to vigorously defend the class action.
After the gold company admitted disclosure breaches on two occasions last year.
The gold miner has been under shareholder pressure to make changes following its biggest annual loss in history.
Miner basically cleared itself of any wrong doing related to market disclosure rules.
Australia’s No.1 gold producer said the anticipated benefits of being listing in the TSX have not been realized to date
The gold miner is set to report one of the largest losses ever posted by corporate Australia.
Gold miner will write $273 million off the value of its investment in gold miner Evolution Mining, and $360 million off fixed assets, inventory and exploration.
Australia's top gold miner writes down $6bn in assets and will cut about 100 jobs.
Newcrest Mining (ASX:NCM) (TSX:NM), one of the world’s top five gold miners by production, reserves and market capitalization, is facing a lawsuit that challenges its licence to Australia’s largest underground gold mine, Cadia Far East.