trending Market Intelligence /marketintelligence/en/news-insights/trending/bpBg5zQ2v9TNCZcmOXMrTQ2 content esgSubNav
In This List

Newcrest Mining hedges more Telfer gold

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Newcrest Mining hedges more Telfer gold

NewcrestMining Ltd. reported May 5 that it has hedged a further 200,000ounces of gold expected over the 2018 and 2019 financial years from itsTelfer goldproject in Western Australia, at an average gold price of A$1,773 per ounce.

This follows the ASX-listed company's in March, in which the companyhedged 530,749 ounces of gold in variable amounts on a yearly basis until June30, 2018 at an overall average price of A$1,737 per ounce.

Total hedging for Telfer is now 730,749 ounces at an averageprice of A$1,747 per ounce, the company said.

Separately, Newcrest Mining the terms of its bankinglending facilities, entering facility agreements with 12 bank lenders who willeach commit US$200 million. The facilities will have durations of between threeand five years as follows — US$1.20 billion in 2019, US$300 million in 2020 andUS$900 million in 2021.