Quarterly Results. Greg Robinson CEO & Managing g Director

Transcription

1 December 2011 Quarterly Results Greg Robinson CEO & Managing g Director

2 Disclaimer Forward Looking Statements These materials include forward looking statements. Forward looking statements inherently involve subjective judgement and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside of the control of, and may be unknown to, the company. Actual results and developments may vary materially from those expressed in these materials. The types of uncertainties which are relevant to the company may include, but are not limited to, commodity prices, political uncertainty, changes to the regulatory framework which applies to the business of the company and general economic conditions. Given these uncertainties, readers are cautioned not to place undue reliance on such forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, the company does not in providing this information undertake any obligation to publicly update or revise any of the forward looking statements or any change in events, conditions or circumstances on which any such statement is based. Ore Reserves and Mineral Resources Reporting Requirements As an Australian company with securities listed on the Australian Securities Exchange ( ASX ), Newcrest is subject to Australian disclosure requirements and standards, including the requirements of the Corporations Act and the ASX. Investors should note that it is a requirement of the ASX listing rules that the reporting of Ore Reserves and Mineral Resources in Australia comply with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code ) and that Newcrest s Ore Reserve and Mineral Resource estimates comply with the JORC Code. Competent Persons Statement The information in this presentation that relates to Exploration Results is based on information compiled by Colin Moorhead, EGM Minerals for Newcrest Mining Limited who is a Fellow of The Australasian Institute of Mining and Metallurgy, and a full-time employee of Newcrest Mining Limited. Mr Moorhead has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the JORC Code. Mr Moorhead consents to the inclusion in this presentation of the matters based on this information in the form and context in which they appear. Exploration Target The potential quantity and grade related to Exploration Targets in this report is conceptual in nature as there has been insufficient exploration to define a Mineral Resource. It is uncertain if further exploration will result in the determination of a Mineral Resource. 2

3 December Quarter Key Points 3% increase 1 in gold production to 579,073 ounces Copper production 18,171 tonnes Cash margin increased to A$1,042 per ounce Realised gold price A$1,648 oz Cash costs A$606 oz Cadia East and Lihir MOPU projects on schedule and budget Wafi-Golpu, Namosi, O Callaghans pre-feasibility studies continue Strong exploration results continue 3 1 After adjusting for sale of Queensland assets

4 Operations Ridgeway Deeps mobile rock breaker 4

5 Operations December Quarter Ridgeway Deeps Ore mined increased from 9kt/day (Dec 10) to 17kt/day (Dec 11) Interactive draw strategy introduced September Rock breaking solution implemented from October Ore Tonnes Mined (kt) 1,235 1,299 1, Mar 11 Jun 11 Sep 11 Dec 11 5 Graphed tonnes exclude other Ridgeway underground sources (SLC, Halo)

6 Operations December Quarter Cadia Hill Cadia Hill production impacted by ground slip Back in operation by end of January 2012 Slip zone 6

7 Operations December Quarter Lihir Increased gold production at lower unit cost High rainfall restricting access to higher grade Lienietz pit Processing lower grade stockpile Water pumping capacity doubled with further expansion planned Telfer Similar production at lower unit cost Ore feed commenced from West Dome pit Stage 4 cutback continues 7

8 Operations December Quarter Gosowong 35% higher gold production at lower unit cost Record mill throughput through plant debottlenecking Hidden Valley Increased gold production 14% higher mill throughput during the quarter Lower grades Overland conveyor belt returned to operations Bonikro Increased gold production 8

9 Strong Margins 23% increase in gold price and cash margin since September 10 $1,338 $1,384 $1,383 $1,409 $1,623 $1,648 Gold price (A$/oz) $850 $944 $886 $867 $1,029 $1,042 Cash margin (A$/oz) Cash costs (A$/oz) Sep 10 Dec 10 Mar 11 Jun 11 Sep 11 Dec 11 9

10 Costs Contained Despite Cost Pressures Quarterly cash costs A$M Sep 10 Dec 10 Mar 11 Jun 11 Sep 11 Dec 11 Total Cash Costs Mining (net of stripping) Ore Processing Site Adminstration Realisation & Royalties Quarterly cash cost per ounce Sep 10 Dec 10 Mar 11 Jun 11 Sep 11 Dec Post by product credits Pre by product credits

11 Projects Cadia East drawbell extraction 11

12 Cadia Valley Vertimill Mill building Crushing and screening Thickening Flotation area 12

13 Cadia East (A$1.9bn project) Project more than 65% complete, remains on schedule and on budget Capital spend fully committed Successful tie in of the new crushing and screening plant Crushing and screening plant 13

14 Cadia East Cave development progressing to plan 2nd conveyor belt commissioned Upcoming Milestones: Final conveyors: March quarter Crushers: March quarter Flotation plant: June quarter HPGR circuit: June quarter Drawbell and ore extraction 14

15 Cadia East Flotation plant, ball mill building HPGR installation Remote Regrind Construction continuing to schedule Heavy Vehicle Workshop 15

16 Lihir Million Ounce Plant Upgrade (MOPU) CCD circuit NCA circuit Autoclave building Oxygen Compressor building 16

17 Lihir MOPU (US$1.3bn project) Project now 70% complete Remains on schedule and on budget Power generation commenced NCA circuit commissioned NCA circuit Power Station 17

18 Lihir MOPU Upcoming Milestones: Primary crushing circuit: March quarter Milling circuit: June quarter Oxygen plant: June quarter Autoclave: September quarter Commissioning and ramp up: 2H 2012 Autoclave Building Autoclave Vessel 18

19 Exploration Telfer core samples 19

20 Exploration Highlights 44 Drill Rigs Lihir High grade results from Kapit North East area drilled drilled, well beyond the current open pit. Gosowong g Toguraci: target within 1km current focus Regional exploration activities increasing. Gosowong Manus Is Tandai INDONESIA Mali Wafi-Golpu Burkina Faso CÔTE D IVOIRE Yamoussoukro Bonikro Liberia PAPUA NEW GUINEA Abidjan Hidden Valley Namosi Telfer AUSTRALIA Marsden Mt Kasi FIJI Namosi Wainaulo mineralisation extended near surface and south. Cadia Valley 100 km Telfer Mineralisation extension north and at depth for Main Dome and West Dome. Dome 20 Lihir Wafi-Golpu Further F th growth th off the th Golpu porphyry, mineralisation to the north. Mining Operation Advanced Project Greenfields Exploration

21 PNG, Lihir Resource Growth PLAN VIEW OPEN Area of Current Drilling Kapit North East Pacific 3.5g/t Au 5.7g/t Au g/t /tau 2.2g/t Au 4.2g/t Au Exploration Target 3 Drill rigs Strong exploration results beyond Kapit North East Kapit Reclaimed land 3.1g/t Au 2.2g/t Au 10g/t Au 2.7g/t Au 7.1g/t Au Inferred Resource boundary Lienetz Minifie Coastal Lihir Plant 2011 LIHIR RESOURCE (1) 1000 m 56Moz Au High grade mineralisation intersected at Coastal Extension of the resource to the north and east 21 (1) Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, 2011.

22 Indonesia, Gosowong Growth Opportunities PLAN VIEW Contract of Work Boundary Ngoali NTD g/t /tau 15g/t Au Toguraci (1) 1.4 Moz Au Tobobo Exploration Target Batu Api Matat Ngailamo Gosowong (1) 1.0 Moz Au Gosowong Plant Kencana (1) 3.5 Moz Au 58g/t Au 33g/t Au Jakarta 1000 km Gosowong INDONESIA AUSTRALIA Prospect 11 Drill rigs Significant results from Kencana drilling High grade epithermal veining intersected 1km north of Toguraci Regional exploration continues 4 km 22 (1) Includes past production and current Resources. Refer to Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, Resource figures quoted on 100% basis.

23 WA, Telfer West Dome Significant Growth Potential SCHEMATIC LONG SECTION (looking south west) 7 Drill rigs Main Dome (1) 8.2Moz Au Saddle Target Area West Dome (1) 6.0Moz Au Continued VSC and West Dome drilling previously mined Main Dome Decline Telfer Deeps (1) 2.5Moz Au VSC (1) 1.3Moz Au MUC g/t Au & 1.4% Cu 3.5g/t Au u&05%cu 0.5% 8.4g/t Au & 0.6% Cu Current development Exploration Target MRC22539A 1.6g/t Au & 0.1% Cu West Dome decline design 1.0 km 5200 mrl 3200 mrl West Dome decline development progress Main Dome and West Dome extended north Reviewing saddle area between Domes 23 (1) Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, 2011.

24 PNG, Wafi-Golpu JV Wafi Transfer Zone PLAN VIEW Zimake 7 Drill rigs Bavaga Targeting further growth of the Golpu porphyry Nambonga Wafi Kesiago Zenapu Hekeng Miapilli Golpu 2011 WAFI-GOLPU RESOURCE (1) 26.6Moz 6M Au & 9.0Mt Cu Accelerated drilling campaign within the Wafi Transfer Zone Kesiago, Zimake Mt Tonn Pekumbe 24 Mt Tonn 4 km Copper/gold target area (1) Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, Resource figures quoted on 100% basis.

25 PNG, Wafi-Golpu JV Golpu Project PLAN VIEW WR406 (2) 1.39g/t Au, 1.37% Cu Nambonga (1) 1.0Moz Au WR414 Diatreme OPEN Golpu (1) 19.3Moz Au 9.0Mt Cu WR315 (reported previously) 0.34g/t Au, 0.08% Cu incl. 0.8g/t Au, 0.2% Cu Miapilli Porphyry Drillhole in Progress WR408 WR406 21,000mN Targeting future reserve upgrades System remains open at depth Mineralisation extending north Balanced project and exploration drilling Wafi (1) 6.2Moz Au 20,000mN 500 m 20,000mE Copper/gold target area 25 (1) Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, Resource figures quoted on 100% basis. (1) Partial result reported in previous quarter. Re-reported final result.

26 Fiji, Namosi Waivaka corridor potential PLAN VIEW Waisoi (1) 73Mt 7.3Mt Cu, 7.4Moz 74Moz Au PORPHYRY SYSTEM Wainabama Wainikoro Waidina Drilling targeting 7km long Waivaka Corridor 0.26% Cu NVD040 (2) % Cu 0.23% Cu 0.44% Cu Waivaka South East Wainaulo (1) 0.67Mt Cu, 0.35Moz Au Wainaulo mineralisation extended d near surface and south New porphyry copper-gold targets identified regionally 5 km Pacific Harbour Navua Viti Levu NAMOSI FIJI Copper/gold target area 50 km Suva 26 (1) Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, Resource figures quoted on 100% basis. (2) Partial result reported, drillhole in progress.

27 Other Items Divestment of Cracow & Mt Rawdon complete Corporate Bond raising US$1,000 million raised on the United States bond market US$1.7bn available in undrawn facilities Proposed Toronto Stock Exchange secondary listing by March 2012 Gerard Bond commenced in the role of Finance Director and Chief Financial Officer on 1 January

28 Newcrest focus - M&A/ Exploration Studies Projects Operations Marketing/ Sales Exploration Studies Projects Operations 44 drill rigs targeting high quality near mine and d greenfields fi ld projects in Australia, PNG, Indonesia Fiji Indonesia, and Côte d Ivoire Pre-feasibility studies on Wafi-Golpu, O C ll h O Callaghans, and Namosi complete in 2012 Cadia East and Lihir MOPU delivery in calendar l d 2012 Improvement focus on: Total material movement Metal recovery Maintenance Training/skills T i i / kill 28

29 Appendix: Production Summary Dec Quarter Tonnes Milled (000 s) Gold Grade (g/t) Copper Grade (%) Gold Production (oz) Copper Production (t) Cadia Valley 5, ,203 10,731 Telfer 5, ,427 7,440 Lihir 1, ,059 - Gosowong ,500 - Hidden Valley (50%) ,234 - Bonikro ,771 - Mt Rawdon ,647 - Cracow (70%) ,232 - Dec 2011 Quarter 13, ,073 18,171 Sep 2011 Quarter 13, ,296 19, Production from continuing operations increased from 550,190oz in the Sep quarter to 568,194oz in the Dec quarter.