Newcrest Mining is confident of delivering a strong first half of 2020, despite finishing the previous half with a 12 per cent reduction in gold output.
Newcrest Mining’s Cadia mine has overcome drought and bushfires across New South Wales to achieve its second highest gold production to date, with 240,000 ounces.
Newcrest Mining is confident in hitting its production guidance for the 2020 financial year, despite a drop in its September quarterly output.
Newcrest Mining is on track to increase the Cadia Valley mine’s processing capacity to 33 million tonnes a year.
Australian gold production has reached an all-time record of 321 tonnes (10.3 million ounces) in the past financial year, according to gold mining consultants, Surbiton Associates.
Newcrest Mining has settled its insurance claim regarding damage sustained to its Cadia gold mine operation in New South Wales following an earthquake in April 2017.
Gold miner Newcrest Mining has released its half-year results, posting a statutory profit of $98 million and underlying profit of $116 million as it produced 1.14 million ounces (Moz) of gold.
Newcrest Mining has reported a slight drop in gold production during the December quarter after selling a mine and lowering output at one of its key mines.
Newcrest has cut approximately 100 workers from its Cadia Ridgeway operation as it places the site into care and maintenance.
Cadia mine’s 1 SAG mill is back in operation following a breakdown earlier this year.
Newcrest’s Cadia mine’s SAG mill has been shut down following motor issues.
A father-of-two who died at Newcrest’s Cadia Ridgeway gold mine on Sunday was operating a modified shotcrete machine.
Legal challenges against Newcrest Mining’s exploration leases by Gold and Copper Resources have been dismissed in the Land and Environment Court.
Newcrest will wind back its contractor workforce at its Cadia Valley gold mine as its major construction projects come to an end.
Newcrest has lifted its full-year production guidance after posting strong results in the December quarter.
The Cadia East gold mine, Australia’s largest new underground operation, has officially opened.
The NSW Supreme Court has dismissed claims against miner Newcrest’s operations in the state’s Central West.
Newcrest has recorded a profit drop of more than half year on year as lower metal prices and gold production hurt its bottom line.
Newcrest is gearing up to fight legal claims that threaten its plans to expand its massive Cadia gold mine.
Newcrest is facing a nearly 50% rise in its council rates after the local Blayney Council was given the greenlight for the rate rise.