Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Commodities  >  Gold       XAUUSD

GOLD
Mes dernières consult.
Most popular
Delayed Quote. Delayed  - 01/20 01:24:28 am
1331.41 USD   -0.05%
01/19 TSX rises, led by bank and railroad shares
01/18 METALS : Gold Falls on Interest-Rate Concerns
01/18 METALS : Gold Falls on Interest-Rate Concerns
SummaryQuotesChartsNewsAnalysis 
News SummaryAll newsTweets

Newcrest Mining : Agrees to US$81 Million Sale of Bonikro Mine

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/12/2017 | 10:56pm CET
   By David Winning 
 

SYDNEY--Newcrest Mining Ltd. (NCM.AU) scaled back its global footprint with a US$81 million sale of its Bonikro gold mine in Ivory Coast following a strategic review.

Newcrest has agreed to sell the mine to a consortium of F&M Gold Resources Ltd. and Africa Finance Corp. for US$72 million in cash payable on completion of the deal and a net smelter royalty worth US$9 million.

The royalty applies to the first 560,000 troy ounces of gold output from the so-called "next pushback of the Bonikro pit" after completion, at a rate of 2.5% for gold prices above US$1,251 per ounce. Newcrest said the royalty lifts by 0.5% for every US$50 increase in the gold price up to a ceiling of 4.5% at US$1,450 per ounce.

Newcrest said it would update its guidance for the 2018 fiscal year once the deal completes, likely to be in the March quarter. It expects to recognise a small net profit on the sale.

-Write to David Winning at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GOLD
01/19 TSX rises, led by bank and railroad shares
01/18 METALS : Gold Falls on Interest-Rate Concerns
01/18 METALS : Gold Falls on Interest-Rate Concerns
01/17 Gold Prices Turn Up as Dollar Turns Down
01/17 Gold Prices Turn Up as Dollar Turns Down
01/16 TSX retreats as lower commodity prices pressure resource stocks
01/16 GOLDCORP : Canadian gold miner Goldcorp finished with M&A, CEO says
01/16 HARMONY GOLD MINING : 1st Half FY18 Gold Production Higher Than in 2nd Half FY17
01/15 Gold miners and pot stocks push TSX higher
01/12 Lumber and gold stocks boost TSX, offset drop in pot stocks
More news
Chart GOLD
Duration : Period :
Gold Technical Analysis Chart | XAUUSD | 4-Traders
Technical analysis trends GOLD
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral