Newcrest Quarterly Report - Three Months Ended 31 March 2022 Brucejack added to the portfolio as operating performance improves
- Creating a brighter future for people through safe and responsible mining
- Reduction in injury rates reflecting strong focus on safety
- Development of the Group Net Zero Emissions Roadmap progressing well
- New Community Support Fund approved to commence in July 2022
- Stronger performance in the March 2022 quarter1
- Gold production of 480koz2 and copper production of 31kt
- All-In Sustaining Cost (AISC) of $1,008/oz2
- AISC margin of $809/oz3
- Production expected to further increase in the June 2022 quarter4
- Acquisition of Pretium Resources completed on 9 March 2022; Group FY22 guidance updated
- Addition of a Tier 1 mine in a world class jurisdiction to Newcrest's unrivalled asset portfolio
- Three phase transformation program initiated to optimise operations, realise full uplift potential and deliver Mineral Resource and Ore Reserve growth
- Intensive drilling program continues to explore significant near mine and district-scale opportunities, with excellent drilling results released today
- Advancing Newcrest's global organic growth portfolio
- Cadia PC1-2, Red Chris Block Cave and Havieron Stage 1 Feasibility Studies on track, with works advancing on all projects
- Lihir Phase 14A and Cadia PC1-2 Feasibility Studies expected to be released during the September 2022 quarter4
- Strong drilling results at Red Chris and Havieron continue to expand the higher grade footprint
Melbourne, Australia--(Newsfile Corp. - April 27, 2022) - Newcrest (ASX: NCM) (TSX: NCM) (PNGX: NCM) Managing Director and Chief Executive Officer, Sandeep Biswas, said, "Newcrest delivered an excellent operational and safety performance during the quarter, building momentum for a strong finish to the financial year and positioning us well to meet our updated Group FY22 guidance, which reflects the addition of Brucejack and our operating and financial performance to date. With the Cadia SAG mill motor operating at full capacity and an improved performance at Lihir, gold and copper production increased for the third consecutive quarter, driving the continued decline in our All-In Sustaining Cost. It was also very pleasing to see further reductions in our injury rates and progress made against our sustainability commitments."
Newcrest Quarterly Report - Three Months Ended 31 March 2022