https://www.miningweekly.com

Newcrest clears last hurdle for Pretivm buy

28th February 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Newcrest Mining has cleared the last regulatory hurdle to its $2.8-billion takeover offer for TSX- and NYSE-listed Pretium Resources (Pretivm).

The Australian gold miner on Monday announced that it had received approval under the Investment Canada Act. The transaction is now scheduled for completion on March 9.

Newcrest last year announced the $2.8-billion takeover offer for Pretivm, which holds the Brucejack mine 140 km from Newcrest’s Red Chris mine, in British Columbia.

Brucejack started commercial production in mid-2017, and is one of the highest grade gold mines in the world. A 2020 technical report estimated gold production of some 311 000 oz/y, at an all-in sustaining cost of $743/oz, over a projected mine life of 13 years. In 2021, the mine is anticipated to produce between 325 000 oz and 365 000 oz of gold.

The acquisition will increase Newcrest’s yearly gold production to well over two-million ounces a year, and the combination of the two companies would create the largest gold miner in British Columbia.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Sulzer Pumps (SA) (Pty) Ltd
Sulzer Pumps (SA) (Pty) Ltd

Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (07/08/2026)
7th August 2026 By: Martin Creamer
Magazine round up | 07 August 2026
Magazine round up | 07 August 2026
7th August 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.082 0.101s - 110pq - 2rq
Subscribe Now