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WIKI ANALYSIS| This company has recently been acquired or received a credible acquisition offer. |
- In August 2010 Newcrest Mining overcame the last stumbling block in its attempt to takeover Lihir Gold after the national court of Papua New Guinea cleared it.[1]
| 2008, 2009 data[2] 2010 First Half[3] | ||||||
| 2008 | 2009 | 1HFY10 | 1HFY11 | |||
| Gold production (000 oz) | 882 | 1124 | 473.682 | (<865year) | ||
| Operating Cash Flow (US$ mil) | 208 | 451 | 204 | |||
| Net Profit (US$ mil) | 111 | (-)234 | 87.1 | 139.0 | ||
| Revenue (US$ mil) | 749 | 1087 | 544.9 | 455.0 | ||
On April 1, 2010 the company announced that it was in talks with Australia's second largest gold miner Lihir gold to acquire it in a scrip and cash transaction. The proposed deal would give Lihir shareholder's 35% ownership of the new company. Lihir has criticised the deal and talks are still ongoing. Gold production by the combined company would account for about 3% of world gold supply. The top 3 shareholder of both companies are the same.[4]. For the 2011 fiscal first half Lihir was largely responsible for the 70% increase in Newcrests total gold production (up to 1.397002 million ounces).[5]
Lihir Gold Key Data
Since the merger with Newcrest, for FY2011 Lihir is on track to produce upwards of 865,000 ounces of gold at a total site cash cost of between A$380 and A$410 million (total site cash cost is about 4-5 time higher than at Bonikro (65-75,000 oz/yr) and Mt. Rawdon (85-95,000 oz/yr).[5]
References
- ↑ Court clears Newcrest's $22.3-bn Lihir Gold takeover (2010-08-28).
- ↑ 2009 Annual Report
- ↑ 2010 Second Quarter Production Report
- ↑ Lihir Gold says Newcrest's $8.5 billion bid not enough (2010-04-01).
- ↑ 5.0 5.1
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