Newcrest receives 'surprise' insurance payout

NEWCREST Mining’s bottom line will receive a boost after the company settled its insurance claim over the April 2017 seismic event at the Cadia gold operation in New South Wales.

Newcrest receives 'surprise' insurance payout Newcrest receives 'surprise' insurance payout Newcrest receives 'surprise' insurance payout Newcrest receives 'surprise' insurance payout Newcrest receives 'surprise' insurance payout

Underground at Cadia

The settlement amount is US$155 million in cash.

The company will include the amount in its statutory profit for the 2018 financial year, to be reported in August.