Newcrest Mining: Game over

About the author:

Sharad Bhat
Author name:
By Sharad Bhat
Job title:
Analyst
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.

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