Newcrest Mining Ltd NCMGF

Primary Symbol: A.NCM

Metals & Mining Gold

Newcrest Mining Limited is an Australia-based mining company. The Company's principal activities are exploration, mine development, mine operations and the sale of gold and gold/copper concentrate. The Company owns and operates a portfolio of brownfields and greenfields exploration projects. The Company’s assets include Brucejack, Cadia, Havieron, Lihir, Red Chris, Telfer and Wafi-Golpu. The Brucejack asset is located approximately 950 kilometers (km) from Vancouver, Canada. The Cadia asset is located approximately 25 km from Orange, New South Wales (NSW). The Havieron asset is located approximately 45 km east of Telfer. The Lihir asset is located on the Niolam Island, approximately 900 km from Port Moresby, Papua New Guinea (PNG). The Red Chris asset is located approximately 1,700 km from Vancouver, Canada. The Telfer asset is located approximately 400 km from Port Hedland, WA. The Wafi-Golpu asset is located approximately 65 km from the city of Lae, PNG.

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Newcrest Mining Ltd

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Post by MaterialsManon Oct 13, 2023 9:31am

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Post# 35681965

Value of the deal tanks

When the Newmont takeover offer was first announced, the value of the acquisition was said to be over 19 billion.
Now, with the deal just about sealed, the value has dropped to about 15billion.
NCMGY shareholders are taking a bath.
I'd be willing to bet that this does not hold true for Newcrest management. There are undoubtledly golden (no pun intended) parachutes gallore hidden away in the fine print of the "scheme".

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