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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.