Newcrest Mining

Australia's largest gold mining company, Newcrest Mining (ASX:NCM) have issues US$1 billion in corporate bonds in a bid to repay the company's $2.5 billion debt.

• Newcrest's bonds include $US750 million in senior unsecured notes, due 1 October 2022 with a coupon of 4.2 percent.
• There was a further issue of $US250 million of senior unsecured notes, due 15 November 2041, with a coupon of 5.75 per cent.

Australia's largest gold miner, Newcrest Mining (ASX:NCM) has production down 25 percent due to an electrical system problem.

• Newcrest expects the plant to return to full capacity within 10 days.
• A company statement said, "Newcrest's maintenance team and the equipment manufacturer are addressing the issue and are working to have the plant ready for restart in the coming few days."

Gold miner, Newcrest Mining (NCM) has released its full year results.

• Full year underlying profit slightly higher at $1.08 billion.
• While gold prices were higher, there were production shortfalls.
• Dividends increased with annual payments to increase by 17 percent.
• Produced 2.28 million ounces of gold in the year. Guidance for 2013: 2.3 and 2.5 million ounces. 2017 production target of 3.5 million.

Shares in Newcrest Mining (NCM) have declined by 99 per cent at $30.08 yesterday after the market reacted to the downgrade in the company's gold production in Monday. The share prices were shortly below $30 before the day ended to its closing price, which is currently the lowest the company has plumbed in more than 27 months.

Newcrest Mining (NCM) has slashed its guidance for 2011 after a failure at its Lihir Island mine power station. The gold miner bought Lihir for $10 billion last year and it could now cost the company $170 million in annual revenue.

After a reported 16 percent dip in the March quarter, the country's largest gold producer, Newcrest Mining, (ASX:NCM), reduced its full-year guidance for gold production to approximately 2.82 million ounces, citing flooding at its Bonikro mine in the Ivory Coast.

Australia's largest gold miner, Newcrest Mining (ASX:NCM) have announced a 148 percent increase in half year profit to $439 million (compared to $176 million in the previous corresponding period) from increased gold prices, higher sales as well as the acquisition of more mines. Newcrest has produced 70 percent more gold compared to the last six months of 2009 and produced 1,397,002 ounces of gold.

Australian Gold and Copper mining company, Newcrest Mining (ASX:NCM) have announced record profits, more than doubling their net profits to $556.9 million. For the year ended 30 June 2010 Newcrest reported Underlying Profit of $763.7 million, an increase of 58% over the prior year result of $483.1 million. The company pinned down the reasons for the significant increase in profit to "increased gold production, lower operating costs and higher commodity prices."