Newcrest Mining — FY2020 Earnings Presentation
74 slides from Newcrest Mining's earnings presentation, August 2020
Slide 1: Newcrest Briefing Book
Newcrest Briefing Book August 2020 0
Slide 2: Disclaimer – Forward Looking Statements
Disclaimer Forward Looking Statements This presentation includes forward looking statements. Forward looking statements can generally be identified by the use of words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, “outlook” and “guidance”, or other similar
Slide 3: Disclaimer – Competent Person's Statement
Disclaimer Competent Person’s Statement The information in this presentation that relates to Mineral Resources or Ore Reserves (other than Red Chris and Havieron) has been extracted from the release titled “Annual Mineral Resources and Ore Reserves Statement – 31 December 2019” dated 13 February 202
Slide 4: COVID-19 Update
COVID-19 Update “The health and safety of our workforce and host communities continues to be our primary concern” Committed workforce adapting to new ways of People working. Extensive program of preventative measures implemented including roster changes and isolation periods Effective quaranti
Slide 5: Safety update
Safety update FY16 – FY20 TRIFR1 Critical Control Management Verifications 3.7 3.3 2.6 1,1122 2.4 2.3 FY20 288k3 FY20 FY16 FY17 FY18 FY19 FY20 Safety Transformation Integrated with existing • Red Chris injury rates are much higher than systems the Newcrest average which is driving the higher FY20 TR
Slide 6: Sustainability
Sustainability High international and industry performance standards International Council on Mining & Metals members – bound by the Sustainability Framework • Must be independently assured annually against the 10 Principles and position statements • Participation in the development of the Global Ta
Slide 7: Sustainability – Key policies and targets
Sustainability – Key policies and targets Water Sustainability Stewardship Aspire to be an industry Catchment-based leader assessments Climate Biodiversity Change No net loss of Applying phased biodiversity values approach to TCFD for new projects reporting Emissions Carbon Price Intensity $25/t-$50
Slide 8: Climate Change, Shadow Carbon Price, TCFD
Climate Change, Shadow Carbon Price, TCFD Climate Change Policy and 2030 emissions target • Sustainability is core to our business • A sustainable business is a successful business • Target of 30% reduction in emissions intensity by 2030 (from 2018). Based on CO2-e per tonne of ore treated. Shadow c
Slide 9: Investment Proposition
Investment Proposition Long Low cost reserve life production Organic growth options Do what (at Cadia, Lihir, Wafi-Golpu, we say Red Chris & Havieron) Strong exploration & technical Financially robust capabilities 8
Slide 10: An aligned executive remuneration structure
An aligned executive remuneration structure 1 Short Term Incentive Criteria Long Term Incentive Criteria 1 Each of the CEO, CFO and other Executives have different specific personal measures under the 5 categories listed. 9
Slide 11: Preparing for the next phase of growth
Preparing for the next phase of growth Chief Executive Officer Sandeep Biswas Chief Operating Officer Chief Development Officer Chief Operating Officer Chief Financial Officer (PNG) (Australia & Americas) Seil Song Philip Stephenson Gerard Bond Craig Jones Chief People & Chief Technical & Projects C
Slide 12: Our operating assets, advanced projects and investments
Our operating assets, advanced projects and investments Cadia (100%) Lihir (100%) Telfer (100%) FY20 Production: 843koz Au, 96kt Cu FY20 Production: 776koz Au FY20 Production: 393koz Au, 16kt Cu FY20 AISC: $160/oz FY20 AISC: $1,206/oz FY20 AISC: $1,281/oz Ore Reserves: 21moz Au & 4.3mt Cu Ore Reserv
Slide 13: Newcrest retains long reserve life advantage
Newcrest retains long reserve life advantage Note: Width of bubble size represents relative size of gold reserves, indicative AISC margin based on $1,500 gold price Indicative AISC Margin - Interest Exp US$ per ounce1 900 800 Evolution Newcrest 700 600 Barrick Newmont 500 Northern Star 400 300 200 1
Slide 14: Newcrest retains long reserve life advantage
Newcrest retains long reserve life advantage Note: Width of bubble size represents relative size of gold reserves, indicative AISC margin based on $1,500 gold price Indicative AISC Margin - Interest Exp US$ per ounce1 900 Evolution 800 700 Newcrest 600 Barrick Newmont 500 Northern Star 400 300 200 1
Slide 15: Lihir and Cadia are in a class of their own
Lihir and Cadia are in a class of their own Resource & Reserve base of global majors’ operating assets (moz)1,2 50 Solid bars = ore reserve Transparent bars = mineral resource 40 30 moz 20 10 - 1 Based on producing assets held by Barrick, Newmont and Newcrest with an attributable reserve >4moz (with
Slide 16: Strong total shareholder returns
Strong total shareholder returns Total Shareholder Return – 1 July 2015 to 30 June 2020 (%)1 250 NCM AUD +155% 200 Cumulative Total Shareholder Return (%) NCM USD +128% 150 100 Gold Index 140% 50 - (50) (100) Newcrest AUD Newcrest USD Barrick Newmont Kinross Gold Fields AngloGold S&P/TSX Global Gold
Slide 17: A unique suite of technical capabilities
A unique suite of technical capabilities Lihir, Telfer, Telfer Gosowong1 Telfer Cadia Red Chris Open Pit Selective Reef Underground Narrow Vein Bulk Sublevel Caving Block/Panel Underground Caving Large scale comminution Pressure oxidation Processing Copper-gold flotation Cyanide & carbon in leach 1.
Slide 18: Value breakthrough strategies
Value breakthrough strategies targeting five breakthroughs by end of calendar 2020 Breakthrough Levers Operating Adopting now Evaluating Developing future Next Gen High draw, Cave process Single pass Remote Post caving Caving deep caving control caving production leaching Next Gen Selective Low cost
Slide 19: High draw, deep caving expertise
High draw, deep caving expertise Bubble size represents production rate. Data source: International caving benchmarking study stage 2, University of Queensland (2003). 18
Slide 20: Undercutless trial completed at Telfer
Undercutless trial completed at Telfer Key objectives of the Undercutless Block Cave Trial were met: Design height functionally verified Connection between the four Undercutless drawbells achieved The trial was completed successfully and will continue at Cadia in FY21. Drone Surveying Cavity 19
Slide 21: New technology enabling safer mining of Lihir's hot ground zones
New technology enabling safer & productive mining of Lihir’s hot ground zones New electronic detonator and bulk explosive products tested to 150°C and high reactivity Development of a full suite of mining robotics solutions to deliver safer & more productive mining in Lihir’s hot ground zones – ‘Nil
Slide 22: Cadia – Strong cash flow
Cadia Cadia – Strong cash flow Site Process Key Statistics 1 Element Description Gold Reserve Life: ~26 years Mining Panel Cave mining from Cadia Gold Ore Reserves: 21moz East (Panel Cave 1 and 2), Gold Mineral Resources: 37moz with underground crushing and Copper Ore Reserves: 4.3mt conveyor to sur
Slide 23: Cadia Expansion Project
Cadia Expansion Project1,2 Stage 1 (in Execution) Stage 2 (in Feasibility Study) • Estimated capital cost - $685m • Estimated capital cost - $180m •PC2-3 mine development • further plant expansion to 35mtpa •materials handling system upgrades • recovery improvements •associated infrastructure • stud
Slide 24: Cadia Expansion Stage FS Findings
Cadia Expansion Stage 1 FS Findings1,2 Cadia - uniquely long life Expected results from implementation of Stage 1 and Stage 2 PC2-3 Capital (stage 1): $ 595m IRR: 21.5% Expansion to 33mtpa (stage 1): $ 90m Payback (years): 7.6 Expansion to 35mtpa (stage 2): $ 180m NPV: $1,170m Total Project Capital:
Slide 25: Estimated Cadia Gold Equivalent production
Estimated Cadia Gold Equivalent production1,2,3 40 1500 35 Gold Equivalent production (koz) 1250 30 Ore Milled (mt) 1000 25 20 750 15 500 10 250 5 0 0 Ore milled Ore milled (actual) Au eq Au eq (actual) 1 Stage 1 of the Cadia Expansion Feasibility Study has been prepared with the objective that its
Slide 26: Cadia's indicative cave production schedule
Cadia’s indicative cave production schedule1,2,3 Start First Panel Cave Ore (mt) Construction production PC2-3 (approved to execution) FY19 FY23 142 PC1-2 FY22 FY25 408 PC3-1 FY33 FY36 149 PC2-4 FY42 FY44 113 PC5001 FY44 FY47 96 PC1-4 FY48 FY50 175 PC2-5 FY51 FY54 35 1 Stage 1 of the Cadia Expansion
Slide 27: Cadia Expansion Project - Indicative mine plan
Cadia Expansion Project - Indicative mine plan1,2,3,4 Total material Timing (Years) Plant Feed (mt) Average Gold grade (g/t) Average Copper grade (%) movement (mt) FY21 - 23 ~95 ~91 0.8 0.4 FY24 - 26 ~99 ~99 0.4 0.3 FY27 - 29 ~102 ~102 0.4 0.3 FY30 - 32 ~102 ~102 0.4 0.3 FY33 - 35 ~102 ~102 0.4 0.3
Slide 28: Cadia Life of Mine recovery improvement
Cadia Life of Mine recovery improvement1,2 Expected LOM gold recovery rates of around 80% and copper recovery rates of around 85% Stage 2 Feasibility Study – Estimated capital of $180m The Study will investigate: Concentrator 1 • additional coarse ore flotation capacity Concentrator 2 • replacing se
Slide 29: Selective Processing
1 Selective Processing Coarse Ore Flotation • Coarse Ore Flotation is an aerated fluidized-bed separator that has demonstrated increased recovery of coarse particles compared to conventional flotation • Currently installed on Train 3 (T3) of the Concentrator 1 (C1) flotation circuit at Cadia (~9mtpa
Slide 30: NextGen HydroMet – Molybdenum Plant Update
NextGen HydroMet Molybdenum Plant Update Feasibility Study completed: • Design of a molybdenum separation plant expected to generate ~6,500tpa of 52% molybdenum concentrate with a 92% recovery • Shipping and logistics parameters confirmed • Full load Commissioning expected to be completed in FY221.
Slide 31: Block caving fundamentals
Block caving fundamentals Subsidence zone Cadia Panel Cave 1 • ~1,200 metres deep, 114 drawbells Cadia Panel Cave 2 • ~1,400 metres deep, 165 drawbells Caving levels Comparative surface impact Cadia hill open pit Cadia East subsidence zone Waste rock dumps 30
Slide 32: Lihir – Improvement plan underway
Lihir Lihir – Improvement plan underway Site Process Key Statistics 1 Element Description Gold Reserve Life: ~29 years Gold Ore Reserves: 23moz Mining Open pit drill, blast, load and haul mining, currently in Gold Mineral Resources: 49moz Phases 14 & 15 in Lienitz. Substantial stockpiles FY21 Prod.
Slide 33: Lihir's increased throughput lowers AISC per oz
Lihir’s increased throughput lowers AISC per oz 12mtpa 13mtpa 14mtpa 15mtpa By December 2015 By December 2016 By December 2017 By end June 2019 Achieved with 12.4mtpa Achieved with 13mtpa in × Achieved with 15mtpa Achieved with 16mtpa in in December 2015 December 2016 quarter in March 2018 qua
Slide 34: Lihir - Indicative mine plan
Lihir - Indicative mine plan1,2,3,4,5 Timing Total Material Tonnes to Ex-pit Tonnes Stockpile Plant Feed Average Feed Sources Waste (Mt) (Years) Moved (Mt)2 Stockpiles (Mt) Fed (Mt) Tonnes Fed (Mt) (Mt)3 Grade (g/t) Lienetz, medium/low grade FY21-23 170 – 190 80 – 100 10 – 20 10 – 20 20 – 30 40 – 50
Slide 35: Lihir Deep Sea Tailings Placement
Lihir Deep Sea Tailings Placement • Rigorous baseline studies prior to approval • DSTP approved as the preferred tailings management option from an environmental and social point of view for Lihir which has limited space for terrestrial tailings storage and is a seismically active region • Governmen
Slide 36: Lihir DSTP monitoring
Lihir DSTP monitoring No significant operational, compliance, environmental or social issues related to the operation of the DSTP system since Newcrest’s acquisition of Lihir in 2010. ~20 years of operation & scientific monitoring in accordance with the comprehensive Environmental Management and Mon
Slide 37: Telfer – Seeking to maximise value
Telfer Telfer – Seeking to maximise value Site Process Key Statistics 1 Element Description Gold Reserve Life: ~4 years Mining Open pit mining contracted Gold Ore Reserves: 1.4moz to Macmahon Gold Mineral Resources: 5.4moz Underground sub-level cave Copper Ore Reserves: 0.18mt and stope mining contr
Slide 38: Telfer – Indicative mine plan
Telfer – Indicative mine plan 1 Mineral Resource & Ore Reserves Gold Copper Dry Tonnes Grade Insitu Gold Dry Tonnes Insitu Grade (%) (Million) (g/t) (Moz) (Million) Copper (Mt) Ore Reserves Main Dome Open Pit 7.0 0.44 0.099 7.0 0.094 0.0065 West Dome Open Pit 47 0.77 1.2 47 0.080 0.037 Telfer Underg
Slide 39: Havieron – High grade option for Telfer
Havieron – High grade option for Telfer Diagram 1: High-grade arcuate sulphide mineralised zone LEGEND LEGEND Geology Geology Post Mineral Post Mineral Dyke Dyke Au (g/t) Leapfrog Cu_Pct Leapfrog Grade Contours & Grade Contours & Downhole Intercepts Downhole Intercepts > 5 g/t > 0.75% 3 – 5 g/t 0.5
Slide 40: Havieron – High grade option for Telfer
Havieron – High grade option for Telfer Diagram 2: High grade mineralised zone New Breccia Zone +464200 E +463800 E +464000 E HAD066 82.1m @ 2.4g/t Au & 0.08% Cu from 557.6m, Incl. 0.2m HAD066 128.7m @ 1.0g/t Au & @ 59g/t Au & 0.02% Cu from 0.13% Cu from 734.1m. HAD061 ? 564m & Incl. 1.5m @ 86 g/t A
Slide 41: Havieron – an exploration success story in the Paterson Province
Havieron – an exploration success story in the Paterson Province, Western Australia High grade option • Located under 420m of cover, 45km east of Telfer Drill results as at 31 March 2020 for Telfer • Drilling has returned the best high grade Au / Cu results within the Paterson Province • Some of the
Slide 42: Telfer hedge profile
Telfer hedge profile Financial Year Ending Gold Ounces Hedged Average Price A$/oz 30 June 2021 216,639 1,864 30 June 2022 204,615 1,902 30 June 2023 137,919 1,942 Total 559,173 1,897 Telfer is a large scale, low grade mine and its profitability and cashflow are both very sensitive to the realised Au
Slide 43: Red Chris – Potential Tier 1 orebody
Red Chris Red Chris – Potential Tier 1 orebody1 Site Process Key Statistics1 Element Description Gold Mineral Resource: 20moz Copper Mineral Resource: 13blb Mining Open pit mining (currently) Block cave (potentially)2 FY21 Prod. Guidance3: 45-55koz Au, 25-30kt Cu Processing Crushing, grinding, flota
Slide 44: Red Chris – Two stage transformation
Red Chris – Two stage transformation Stage 1 – Apply Newcrest’s Edge transformation approach • Process plant optimisation • Mine optimisation • Supply chain cost reduction • Extensional resource and exploration drilling program. Stage 2 – Apply Newcrest’s industry leading technology • Block caving •
Slide 45: Achievements since acquisition at Red Chris
Achievements since acquisition at Red Chris Medical facility upgrade >50,000m drilled, with 8 rigs Block Cave Concept Study Six donut launders commissioned currently operating. High grade Complete, and PFS in progress Process and short Interval control pods confirmed (reproducible high-performance)
Slide 46: Significant exploration upside potential
Significant exploration upside potential 45
Slide 47: New high grade pods intersected at Red Chris
New high grade pods intersected at Red Chris 1. The information in this slide that relates to exploration results at Red Chris has been extracted from the Newcrest release titled “Quarterly Exploration Report” dated 23 July 2020 and other prior exploration releases. 1g/t Au, 2 g/t Au, 1 g/t AuEq and
Slide 48: Red Chris – continuing to build on a world class, Tier 1 orebody
Red Chris – continuing to build on a world class, Tier 1 orebody Two high grade • Drilling has returned some of the best Au / Cu porphyry results within the Golden Triangle zones intersected • RC 611: 628m @ 1.7g/t Au and 0.91% Cu in the East Zone • Including 282m @ 3.3g/t Au and 1.7% Cu to date • I
Slide 49: Increased economic exposure to Fruta del Norte gold production
Increased economic exposure to Fruta del Norte gold production Fruta del Norte Financing Facilities acquired for $460 million1 • Gold pre-pay term credit facility with face value of US$150 million: o Repayment through 19 quarterly cash payments equivalent to 11,500 oz of gold (adjusted for the risk
Slide 50: Wafi-Golpu – Updated Feasibility Study
Wafi-Golpu Wafi-Golpu – Updated Feasibility Study1 Key Statistics – Golpu2 Gold Ore Reserves: 5.5 moz IRR3: ~18.2% (real) Avg. copper grade: 1.27% Gold Mineral Resources: 9.3 moz NPV: ~$2.6bn (real) Avg. gold grade: 0.9 g/t Copper Ore Reserves: 2.5 mt Payback: ~9.5 years from Avg. annual copper comm
Slide 51: Wafi-Golpu – Indicative production
Wafi-Golpu – Indicative production1,2,3 1 Figures above reflect 100% of project, Newcrest owns 50% of the project. These figures are estimates from the updated Feasibility Study (as at 19 March 2018) and as such were prepared with the objective of being subject to an accuracy range of ±15%, with the
Slide 52: Wafi-Golpu – Indicative free cashflow
Wafi-Golpu – Indicative free cashflow1,2 Year post grant of SML and 1 2 3 4 5 6 board approval Undiscounted FCF (100% basis) $(133)m $(374)m $(465)m $(1,003)m $(766)m $(82)m 1 Figures above reflect 100% of project, Newcrest owns 50% of the project. These figures are estimates from the updated Feasib
Slide 53: DSTP the preferred tailings option
DSTP the preferred tailings option Pipe location Huon Gulf Steep sub-sea slopes Deep Canyon Sediment movement towards a 9km deep trench • Extensive scientific studies completed • Western Huon Gulf is a highly suitable environment for DSTP • Environmentally and socially, deep sea tailings placement i
Slide 54: Looking deeper in Australia opens new opportunities
Looking deeper in Australia opens new opportunities 1. Looking Deeper in Outcrop Areas 2. Exploring under Cover Cross Section (Not to Scale) High resolution Surfac NO SURFACE MINERALISE geophysics EXPRESION e D OUTCROP OPEN 100m CUT Newcrest UNDER COVER Search Space MINE Barren Cover Traditional 200
Slide 55: Leveraging our expertise to look deeper in South America
Leveraging our expertise to look deeper in South America Satellite Mapping High Resolution Geophysics Ultra trace geochemistry Prospective Hot Crack As Land Surface 100m Alteration Blanket As A Sb s Bi Sb 200m Sn Epithermal Gold Mo Mo Te Au Shallow Altered Rock Intermediate Sulfidation Au A 500m Dep
Slide 56: Exploration Innovation: Smarter and Faster Exploration
Exploration Innovation Smarter and Faster Exploration Ground Selection • Fertility toolbox • Crustal-scale frameworks • Predictive Technologies Smarter and Faster Geochemistry • Ultra low level geochemistry High Resolution Core Logging • Machine learning/clustering • Real-time assaying • High-resolu
Slide 57: What is a Tier 1 deposit?
What is a Tier 1 deposit? “We aspire to a portfolio within 10 years of 5 x Tier 1 assets, 2 - 4 x Tier 2 assets and a strong pre-production pipeline …”1 Definitions of Tier 1 and Tier 2 assets below used to guide portfolio optimisation decisions: Tier 1 Tier 2 Scale Potential for > 300 kozpa Au Pote
Slide 58: Current exploration footprint
Current exploration footprint Canada • Red Chris JV (70% JV) • GJ Project 100% North America • Jarbidge (O) Mexico • Azucar Minerals (EI) Indonesia PNG • Antam Alliance • Wamum (100%) Ecuador • SolGold (EI) • Lundin Gold (EI) • Lundin Gold (JV) • Cana Brava project (O & FI) • Porphyry targets (100%)
Slide 59: Thirteen consecutive halves of strong free cash flow
Thirteen consecutive halves of strong free cash flow Cumulative free cash flow ($m) Billion $3.5 Billion $3.5 1. Cash investment in M&A activity in FY20 comprises the payment for the acquisition of Red Chris (70% ownership) of $769 million, the acquisition of Fruta del Norte finance facilities of $4
Slide 60: Debt maturity profile optimised
Debt maturity profile optimised Maturity profile as at 30 June 20201,2,4 ($m) • Refinanced debt at lower coupon rates and smoothed and extended the debt maturity profile • Weighted average maturity profile now ~16 years (previously ~7 years) • Secured long term debt funding at coupons much lower tha
Slide 61: Comfortably within our financial policy metrics
Comfortably within our financial policy metrics Element Target 30 June 2018 30 June 2019 30 June 2020 Leverage ratio Less than 2.0x Financial Metrics 0.7x 0.2x 0.3x (Net Debt / EBITDA) (for trailing 12 months) Gearing Ratio Less than 25% 12.2% 4.9% 6.8% Credit rating Aim to maintain investment grade
Slide 62: Newcrest's long-term metal price assumptions
Newcrest’s long-term metal price assumptions used for Reserves and Resources estimates1 Long Term Metal Price Newcrest, Assumptions MMJV & NJV Mineral Resources Estimates Gold Price US$1,300/oz Copper Price US$3.40/lb2 Silver Price US$21.00/oz Molybdenum Price US$10.00/lb3 Ore Reserves Estimates Gol
Slide 63: Mineral Resources and Ore Reserves – Gold Mineral Resources
Newcrest’s Mineral Resources and Ore Reserves 31 December 2019 Gold Mineral Resources1 Measured Comparison to Dec-18 Dec-19 Mineral Resources Indicated Resource Inferred Resource Dec-19 Total Resource Resource Total Resource Competent Person Dry Gold Dry Gold Dry Gold Dry Gold Insitu Gold Dry Gold I
Slide 64: Mineral Resources and Ore Reserves – Copper Mineral Resources
Newcrest’s Mineral Resources and Ore Reserves 31 December 2019 Copper Mineral Resources1 Comparison to Dec-18 Dec-19 Mineral Resources Measured Resource Indicated Resource Inferred Resource Dec-19 Total Resource Total Resource Competent Person Dry Copper Dry Copper Dry Copper Dry Copper Insitu Coppe
Slide 65: Mineral Resources and Ore Reserves – Gold Ore Reserves
Newcrest’s Mineral Resources and Ore Reserves 31 December 2019 Gold Ore Reserves1 Probable Comparison to Dec-18 Dec-19 Ore Reserves Proved Reserve Dec-19 Total Reserve Reserve Total Reserve Competent Person Dry Gold Dry Gold Dry Gold Insitu Gold Dry Gold Insitu Gold Gold Ore Reserves Tonnes Grade To
Slide 66: Mineral Resources and Ore Reserves – Copper Ore Reserves
Newcrest’s Mineral Resources and Ore Reserves 31 December 2019 Copper Ore Reserves1 Comparison to Dec-18 Total Dec-19 Ore Reserves Proved Reserve Probable Reserve Dec-19 Total Reserve Reserve Competent Person Dry Copper Dry Copper Dry Copper Insitu Copper Dry Copper Insitu Copper Copper Ore Reserves
Slide 67: Mineral Resources and Ore Reserves – Molybdenum
Newcrest’s Mineral Resources and Ore Reserves 31 December 2019 Molybdenum Mineral Resources1 Comparison to Dec-18 Total Dec-19 Mineral Resources Measured Resource Indicated Resource Inferred Resource Dec-19 Total Resource Resource Competent Person Insitu Insitu Molybdenum Mineral Resources Dry Molyb
Slide 68: Supply & demand data
Supply & demand data Gold demand & supply (tonnes)1 6 Month to 30 June China and India make up >50% of Demand 2019 2020 jewellery demand. Demand for jewellery is down on recent prior Jewellery 2,122.6 48% 572.0 28% periods, attributed to COVID and Technology 326.0 7% 139.9 7% associated lockdowns El
Slide 69: Volatility of gold versus other metals
Volatility of gold versus other metals Gold price 2011 to 2020 (US$/oz)2 High price as % low prices since January 20111 2,000 500% 1,900 400% 1,800 300% 1,700 200% 1,600 3 year trading range 1,500 $1,174 - $1,971/oz 100% 1,400 0% Gold Lead Copper Thermal Nickel Iron Ore Oil 1,300 Coal -100% 1,200 -2
Slide 70: Operating costs
Operating costs Newcrest is a US dollar reporting entity. Its operating costs will vary in accordance with the movements in its operating currencies where those costs are not denominated in US dollars. The table below shows indicative currency exposures on operating costs for FY20 by site: USD AUD P
Slide 71: Foreign exchange sensitivities and oil hedges
Foreign exchange sensitivities1 and oil hedges Approximate Full Year Site Parameter Movement EBIT Impact (US$m) Cadia AUD/USD +0.01 AUD (0.68 → 0.69) (8) Telfer AUD/USD +0.01 AUD (0.68 → 0.69) (4) Lihir USD/PGK -0.1 PGK (3.44 → 3.34) (8) Red Chris USD/CAD -0.01 CAD (1.35 → 1.34) (1) Group AUD/USD +0
Slide 72: Results Summary – FY20
Results Summary – FY201 Fruta Goso- Red Wafi- Corp / Cadia Lihir Telfer del Group wong2 Chris1 Golpu Other Norte1 Gold Production (koz) 843 776 393 103 39 16 - - 2,171 Copper Production (kt) 96 - 16 - 25 - - - 138 AISC ($m) 136 918 501 132 63 - - 98 1,848 Capital Expenditure ($m) - Production Stripp
Slide 73: FY21 guidance
FY21 guidance1,2 Red Fruta del Corp / Cadia Lihir Telfer Havieron Group Chris2 Norte2,3 Other4 Gold production (koz) 680 – 760 720 – 820 360 – 420 45 – 55 95 – 110 - - 1,950 – 2,150 Copper production (kt) 95 – 105 - 10 – 20 25 – 30 - - - 135 – 155 AISC ($m)5 50 – 130 940 – 990 510 – 570 80 – 115 81
Slide 74: NEWCREST MINING LIMITED
NEWCREST MINING LIMITED Board Forward Shareholder Enquiries to: Peter Hay Non-Executive Chairman Link Market Services Sandeep Biswas Managing Director and CEO Tower 4, 727 Collins Street Gerard Bond Finance Director and CFO Melbourne, Victoria, 3000 Australia Philip Aiken AM Non-Executive Director T