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Newcrest Mining (Newcrest Mining) Credit Losses Provision


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What is Newcrest Mining Credit Losses Provision?

Credit Losses Provision only applies to banks.


Newcrest Mining (Newcrest Mining) Business Description

Traded in Other Exchanges
N/A
Address
600 Saint Kilda Road, Level 8, Melbourne, VIC, AUS, 3004
Newcrest is an Australia-based gold and, to a lesser extent, copper miner. Operations are mainly in Australia and Papua New Guinea. The company also owns a 32% stake in the Fruta Del Norte gold mine in Ecuador, while the acquisition of Brucejack in 2022 adds to its 70% stake in the Red Chris mine in Canada. The company is likely to produce around 2 million ounces of gold per year over the next decade, making it one of the larger global gold producers but still only accounting for less than 2% of total supply. Cash costs are below the industry average, underpinned by improvements at Lihir and Cadia. Organic growth options include its Havieron prospect, the Red Chris underground mine, and the high-grade Wafi-Golpu copper-gold prospect in PNG.