Sandeep Biswas

Newcrest Mining will pay Toronto-listed Imperial Metals Corp $US807 million ($A1.15 billion) for a majority stake in a Canadian copper and gold mine.

Newcrest Mining says its gold output rose 4.2 per cent in the fourth quarter as production at its Cadia and Lihir mines ramped up.

Australia's largest listed goldminer says it expects to produce around 10 per cent less gold than previously forecast due to underperformance of its mines in Western Australia and Papua New Guinea.

Newcrest Mining has completed a $1 billion placement, partly to fund an increased stake in a goldmine in South America, amid to raise a further $100 million under a share purchase plan.

Newcrest Mining has achieved its production guidance for the 2020 financial year, however, the goldminer’s full-year output was 13 per cent down on the prior year.

Newcrest Mining has reported solid financial results for the full year, including an $86 million rise in profit, despite a drop in gold production.

Newcrest Mining has approved a $146 million early construction cost for its Havieron gold-copper project in WA, which the company will develop alongside UK’s Greatland Gold.

Newcrest Mining has reported a six per cent jump in gold output from its Telfer operations in the Pilbara, despite heavy rainfall during the March quarter.

Newcrest Mining and South32 have announced plans to reduce their carbon emissions in the coming decades, in line with commitments to sustainable mining.

Goldminer Newcrest Mining has put a price on developing its Havieron project in Western Australia, while detailing plans for its assets in Canada and Papua New Guinea.

Newcrest Mining is set to acquire Canadian goldminer Pretium Resources in a cash-and-scrip deal valued at about $3.7 billion.

Newcrest shares fell sharply in response to a quarterly update that detailed a 10 per cent lift in production but potential COVID-19 headwinds at its PNG operations.

Australia's biggest gold miner Newcrest Mining has posted a drop in full-year profit for 2022 and warns of ongoing global cost pressures and labour shortages.

Newcrest Mining chief financial officer and former Woodside Energy executive Sherry Duhe has been promoted to Newcrest's top job following the exit of current chief executive Sandeep Biswas.