Newcrest Welcomes Publication of Pretivm Information Circular | 2021-12-20 | Press Releases

Melbourne, Australia – (Newsfile Corp. – December 20, 2021) – Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) today welcomes the press release from Pretium Resources Inc. (TSX: PVG) ( NYSE: PVG) (Pretivm) of the Management Information Circular (Circular) for the special meeting of shareholders and option holders (security holders) of Pretivm.

The circular contains information on the plan of arrangement (Plan) under which Newcrest will acquire Pretivm and sets the date for the meeting of securityholders of Pretivm to vote on the Plan as January 20, 2022 (2:00 p.m. Vancouver time). . Pretivm will send the Circular to its security holders.

Newcrest’s offer to acquire Pretivm is unanimously recommended by the Board of Directors of Pretivm, and the Directors have also entered into voting and support agreements under which they have agreed to vote in favor of the transaction. for all securities they own or control.

Completion of the transaction is subject to 66 2/3% of the votes held by holders of securities of Pretivm voting in person or by proxy at the meeting in favor of the plan, to the approval of the Supreme Court of Colombia- British Columbia and regulatory approvals, including approval under the investment plan. Canadian law.

The benefits for Newcrest of acquiring Pretivm, owner of the Brucejack mine in British Columbia, include:

  • Addition of a large-scale, long-lived, low-cost Tier 1 mine to Newcrest’s Tier 1 asset portfolio
  • Immediate increase in Newcrest gold production from> 300koz pa (~ 15%) to well above 2Moz(1,2,3)
  • Accretative to Newcrest’s EBITDA and cash flow
  • Immediate operational and financial diversification from a level 1 jurisdiction
  • Growth in a region where Newcrest already operates and has strong existing relationships
  • Significant near-mine and district-wide exploration opportunity with exciting potential to achieve resource and reserve growth

Authorized by the Newcrest Disclosure Committee

For more information please contact

Investor surveys

Ryan skaleskog

+61 3 9522 5407

+1 866 396 0242

+61 403 435 222

Media inquiries

Tim salathiel

+61 3 9522 4263

+61 407 885 272

This information is available on our website at

Forward-looking statements

This document includes forward-looking statements and forward-looking information within the meaning of the securities laws of the applicable jurisdictions. Forward-looking statements can generally be identified by the use of words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, ” believe ”,“ continue ”,“ objectives ”,“ targets ”,“ outlook ”and“ direction ”, or other similar terms and may include, without limitation, statements regarding estimated reserves and resources, certain management plans, strategies, aspirations and objectives, planned production, study or construction dates, planned costs, cash flow or production results and the expected productive life of projects and mines. Newcrest continues to distinguish between perspective and direction. Policy statements relate to the current fiscal year. The outlook statements relate to years after the current financial year.

These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Newcrest’s expected benefits from the transaction with Pretivm to differ materially from those expressed or implied by these forward-looking statements. Relevant factors may include, but are not limited to, changes in commodity prices, fluctuations in exchange rates and general economic conditions, increased costs and demand for production inputs, speculative nature exploration and development of projects, including the risks of obtaining the necessary licenses and permits. and decreasing quantities or levels of reserves, political and social risks, changes in the regulatory framework in which Newcrest operates or may in the future operate, environmental conditions, including extreme weather conditions, recruitment and retention personnel, industrial relations issues and litigation. For more information on the risks that may have an impact on Newcrest’s results and performance, please consult the risk factors included in Annex 4E and the financial report for the year ended June 30, 2021 and the annual information form dated December 6, 2021 which are available for consultation at under the code “NCM” ​​and on Newcrest’s SEDAR profile. Newcrest does not undertake to update any forward-looking statements other than as required by relevant securities laws.

Dependence on third party information

This document includes information which has been prepared by third parties and opinions based on information which has been prepared by third parties. No representation or warranty is made as to the accuracy, completeness or reliability of the information. This document should not be taken as a recommendation or a forecast of Newcrest.

End Notes

  1. Subject to market and operating conditions and should not be construed as guidance.
  2. Based on Pretivm’s technical report on the Brucejack gold mine in northwestern British Columbia dated March 9, 2020 filed by Pretivm on SEDAR ( in accordance with National Instrument 43-101 (the technical report).
  3. Based on Newcrest’s production estimate contained in its press release titled “Newcrest Advances Its Global Organic Growth Portfolio” dated October 12, 2021, which can be viewed at under the code “NCM” ​​and on Newcrest’s SEDAR profile.

To view the source version of this press release, please visit

Comments are closed.