newcrest investor relations

The lucrative deal comes as gold prices are surging due to the metals appeal as a safe-haven asset in times of economic uncertainty. US investors are cautioned not to assume that all or any part of an inferred resource exists or is economically or legally mineable. By Rhiannon Hoyle. Pretivm is an intermediate gold producer with the 100%-owned, high-grade gold underground Brucejack Mine located in northwestern BC. The definitive proxy statement will be mailed to Newmont stockholders. Agnico Eagle Mines Limited - Investor Relations Synergies and value creation as used in this press release is a management estimate provided for illustrative purposes and should not be considered a GAAP or non-GAAP financial measure. Although we believe that the assumptions inherent in forward-looking information are reasonable as of the date of this news release, these assumptions are subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking information. The Company cautions that the foregoing list of assumptions is not exhaustive. No assurances can be made that all historical Newcrest mineral reserves or mineral resources will be recognized as Newmont mineral reserves or mineral resources. MarketScreener Strategies Newcrest Mining Limited - FY21 Full Year Results 08/18/2021 | 09:00pm EDT Melbourne, Australia-- (Newsfile Corp. - August 18, 2021) - Newcrest (ASX: NCM) (TSX: NCM) delivers record profit and free cash flow and a 129% increase in final dividend(1), (2),(3), (4) Results and Reports centre - Newcrest Newmont was founded in 1921 and has been publicly traded since 1925. Newmont Confirms Proposal to Combine with Newcrest Forward-looking statements often address our expected future business and financial performance and financial condition; and often contain words such as anticipate, intend, plan, will, would, estimate, expect, believe, target, indicative, pending, preliminary, proposed or potential. Forward-looking statements may include, without limitation, statements relating to (i) the pending transaction to acquire the share capital of Newcrest, the expected terms, timing and closing of the pending transaction, including receipt of required approvals and satisfaction of other customary closing conditions; (ii) estimates of future production, including expected annual production range; (iii) estimates of future costs applicable to sales and all-in sustaining costs; (iv) estimates of future cash flow enhancements through portfolio optimization, cost reductions, synergies, including pre-tax synergies, savings and efficiencies; (v) expectations regarding future exploration and the development, growth and potential of Newmonts and Newcrests operations, project pipeline and investments; (vi) expectations regarding future investments or divestitures, including anticipated divestitures over the next two years; (vii) expected listing of common stock on the New York Stock Exchange, the Toronto Stock Exchange and the Australian Securities Exchange; and (viii) expectations from the integration of Newcrest, including the combined companys production capacity, asset quality and geographic spread. Neither the TSX nor the NYSE has approved or disapproved of the information contained herein. 2020/21 Full Year Financial Results. Box 700 BusinessWire. ANALYST AND INVESTOR WEBCAST AND CONFERENCE CALL, May 15, 2023 at 8 a.m. Eastern Daylight Time (10 p.m. Australian Eastern Standard Time), URL: https://events.q4inc.com/attendee/420915744. 5 See endnote B regarding portfolio optimization. With the sectors largest reserve and resource base, the combined business will be in a very strong position to advance the most value-accretive development opportunities and sustainably improve overall shareholder returns. Box 358516 Inferred resources, in particular, have a great amount of uncertainty as to their existence and their economic and legal feasibility. 12 For a full list of toll-free phone numbers, refer to the following link: https://www.netroadshow.com/events/global-numbers?confId=51039. Through the combination of high-quality operations, projects and reserves, this portfolio is expected to deliver: The combined business would be immediately supported by Newmonts scalable, integrated operating model with a deep bench of experienced leaders, subject matter experts and existing regional teams in Australia and Canada. DENVER-- (BUSINESS WIRE)-- Newmont Corporation (NYSE: NEM, TSX: NGT) today confirmed it has submitted a non-binding proposal to acquire 100% of the issued share capital of Newcrest Mining Limited (Newcrest) by way of a scheme of arrangement. Pretivm ContactPretium Resources Inc.Troy Shultz, Director, Investor Relations & Corporate Communications(604) 558-1784invest@pretivm.com, Media ContactAlan Bayless, Longview Communications and Public Affairs604-417-9645abayless@longviewcomms.ca, Pretium Resources Inc.Suite 2300, Four Bentall Centre, 1055 Dunsmuir StreetPO Box 49334 Vancouver, BC V7X 1L4 (SEDAR filings: Pretium Resources Inc.), Cautionary Statements Regarding Forward-Looking Statements. Peter has held senior positions with Kestrel Coal Resources, Israel Chemical Limited, Newcrest Mining, Lihir Gold, WMC Resources, Western Metals and Rio Tinto. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Results Release. The Newcrest Historical Reserves Estimates are subject to review and adjustment following closing of the pending Transaction, in accordance with Subpart 1300 of Regulation S-K adopted by the SEC, including to meet required study levels, price assumptions, for future divestments and acquisitions and other factors. 10 See endnote D regarding Full Potential improvements. Investopedia does not include all offers available in the marketplace. Tom Dixon - Head, Investor Relations. Synergies represent managements combined estimate of pre-tax synergies, supply chain efficiencies and Full Potential improvements, as a result of the integration of Newmonts and Newcrests businesses that have been monetized for the purposes of the estimation. Agnico Eagle's mission is to build a high-quality, manageable business that generates superior long-term returns per share by: Increasing gold production in lower risk jurisdictions. $500 million of total annual pre-tax synergies anticipated to be achieved within the first 24 months following the completion of the Transaction: Approximately $100 million of pre-tax general and administrative synergies driven by Newmonts scalable, integrated operating model with existing regional teams in Australia and Canada, Approximately $200 million of supply chain synergies from best-in-class pricing and existing strong partnerships with key suppliers, smelters and equipment manufacturers through unprecedented economies of scale, At least $200 million of benefits from Newmonts proven Full Potential continuous improvement program, which improves costs and productivity through the rapid replication of leading processes and advanced technology, $1.00 per share at reserve pricing assumption of $1,400/oz, Variable component is calibrated in gold price increments of $300 per ounce, Variable component is assessed annually in alignment with the business planning cycle, considering the current macroeconomic environment and the current level of reinvestment in the business, Supported by strong and flexible investment-grade balance sheet, Dividend payouts are reviewed and approved quarterly by Newmonts Board of Directors, Under the terms of the Scheme, Newmont will acquire all outstanding Newcrest shares and Newcrest shareholders will receive 0.400 Newmont shares (or 0.400 Newmont CDIs) for each Newcrest share held, Newcrest will also fund and pay to its shareholders a franked special dividend of up to USD$1.10 per Newcrest share, conditional on the Scheme becoming effective, Under the terms of the Scheme, and based on current market prices, the implied equity value of Newcrest is A$26.2 billion, including the dividend, with an enterprise value of A$28.8 billion, Upon implementation of the Scheme, Newmont and Newcrest shareholders will own approximately 69 percent and 31 percent of the combined entity, respectively. Omar Jabara We are very proud of the entire Newcrest team for building a world class metals business, which will form a key part of the combined group. The Board of Directors reserves all powers related to the declaration and payment of dividends. Information for Former Pretivm Shareholders. Back to Investor Relations; Financial Summary Table. Access the page Check out our company . Tier 1 Asset. This press release is not an offer to purchase or exchange, nor a solicitation of an offer to sell securities of Newmont or Newcrest nor the solicitation of any vote or approval in any jurisdiction nor shall there be any such issuance or transfer of securities of Newmont or Newcrest in any jurisdiction in contravention of applicable law. Newmont (NEM), the worlds biggest gold mining company, acquired Australia-based rival Newcrest Mining Ltd. for $19.2 billion in the industrys biggest deal to date. We believe our employees, First Nations partners and community partners will be very well-positioned to succeed and develop under Newcrests world-class stewardship.. USA, Domestic USA The total equity value pursuant to the Transaction is approximately C$3.5 billion on a fully diluted basis. ), Lead ($1.00/lb. In addition to the ongoing benefits of merging these premier portfolios, the combined group will set a new benchmark in gold production while benefitting from a material and growing exposure to copper and a market leading position in safety and sustainability. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Investors should note that the requirements of the JORC Code and NI 43-101 differ from the requirements of Subpart 1300 of Regulation S-K. Reserves and resources prepared under the JORC Code and NI-43-101 are normally not permitted to be used in reports and registration statements filed with the SEC. Tom Palmer will continue as President and Chief Executive Officer of Newmont and will lead the combined company with a focus on safely and responsibly leading the combined workforce, integrating the acquired assets and delivering on shareholder commitments. ), Silver ($20/oz. Forward-looking information is not a guarantee of future performance. Dates are subject to change., Level 8, 600 St Kilda Road Information about Newcrests directors and executive officers is set forth in Newcrests latest annual report dated August 19, 2022 as updated from time to time via announcements made by Newcrest on the Australian Securities Exchange. Our purpose is to create a brighter future for people through safe and responsible mining. For additional information on our reserves and resources, please see Item 2 of the Companys Form 10-K, filed on February 23, 2023 with the SEC. Definition, How It Works, and Role in Futures, Special Purpose Acquisition Company (SPAC) Explained: Examples and Risks, New York Stock Exchange (NYSE): Definition, How It Works, History, Brexit Meaning and Impact: The Truth About the U.K. Leaving the EU, Newmont Enters into Definitive Agreement to Acquire Newcrest, Newmont Seals $19 Billion Newcrest Deal to Dominate Gold Mining. INVESTORS AND SECURITY HOLDERS OF NEWMONT AND NEWCREST ARE URGED TO READ THE PROXY STATEMENT(S), SCHEME BOOKLET AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE TRANSACTION AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PENDING TRANSACTION AND THE PARTIES TO THE TRANSACTION. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking information contained in this news release. Exchange Act), in accordance with applicable law. BMO Capital Markets is acting as financial advisor to Pretivm, and Blakes, Cassels & Graydon LLP is acting as Pretivms Canadian legal counsel and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as Pretivms US legal counsel. Pretivm shareholders who do not elect cash or Newcrest shares (subject to proration) will receive default consideration of C$9.25 per Pretivm share in cash and 0.4042 Newcrest shares per Pretivm share. Phone: +61 2 9696 2900 or . Portfolio Optimization. The disclosure documents and other documents that are filed with the SEC by Newmont may also be obtained on https://www.newmont.com/investors/reports-and-filings/default.aspx or by contacting Newmonts Investor Relations department at Daniel.Horton@newmont.com or by calling 303-837-5484. He is a contributor to Investopedia's Term of the Day newsletter, the New York City Recovery Index, and the "What to Expect" weekly markets briefing. The Arrangement Agreement provides for customary deal-protection provisions, including a non-solicitation covenant on the part of Pretivm and a right for Newcrest to match any Superior Proposal (as defined in the Arrangement Agreement). It creates an industry-leading portfolio with a multi-decade gold and copper production profile in the worlds most favorable mining jurisdictions, said Tom Palmer, President and CEO of Newmont. Australia, corporateaffairs@newcrest.com.au Valid elections representing approximately 50.51% of the outstanding Pretivm shares were received by the election deadline. To learn more about Newmonts sustainability strategy and initiatives, go to www.newmont.com. Forward-looking information involves statements about the future and is inherently uncertain, and our actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in this news release and the Pretivm Disclosure Documents. Pretium Resources Inc Portfolio optimization as used in this press release is a management estimate provided for illustrative purposes and should not be considered a GAAP or non-GAAP financial measure. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law.
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