Newcrest Mining: Game over

About the author:

Sharad Bhat
Author name:
By Sharad Bhat
Job title:
Date posted:
18 October 2023, 7:00 AM
Sectors Covered:
Junior Resources

  • Newcrest Mining's (ASX:NCM) Q1FY24 result takes a back seat as Scheme of arrangement clears shareholder and regulatory approvals, with Scheme to be effective on 18 Oct 23.
  • NCM shareholders will be entitled to receive the Scheme consideration of 0.400 Newmont shares for each NCM share held on the scheme record date (30 Oct 23) and US$1.10ps special fully franked dividend (held before the ASX closing on 17 Oct 23).
  • Newmont CDI (NEM) to be listed on the ASX with normal trading of CDIs to commence from 7 Nov 23.
  • Investors may consider alternative opportunities in RRL and other large/mid-cap gold producers.

Find out more

Download full research note

If you would like more information, please contact your adviser or nearest Morgans office. 

Request a call Find local branch

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.

  • Print this page
  • Copy Link