Newcrest Mining chief executive Sandeep Biswas has observed increasing market interest in the company’s copper assets, saying the base metal is a commodity of the future as much as gold.
Greatland Gold has applied for an exploration license that holds a similar magnetic target to the Havieron project in the Paterson Region of Western Australia.
Newcrest Mining has reported its lowest ever quarterly all-in-sustaining cost (AISC) at the Cadia gold-copper mine in New South Wales.
Newcrest Mining has commenced early works at the Havieron gold-copper joint venture (JV) project in Western Australia.
Newcrest Mining has entered a joint venture (JV) agreement with Greatland Gold for the Havieron project, 45 kilometres east of its Telfer gold mine in Western Australia’s Paterson Province.
Newcrest Mining is optimistic about the outlook of its project pipeline, including the Havieron project in Western Australia and Cadia expansion in New South Wales.
Newcrest Mining intends to start the development of a decline at the Havieron project in Western Australia by early next year.
The COVID-19 pandemic has caused a $5.3 billion ($7.4 billion) drop in the total value of mining deals during the second quarter of this year.
Newcrest Mining has raised an additional $200 million, after attracting $1 billion in funding during April, to support its gold expansion in Ecuador.
Newcrest Mining has completed its $1 billion raising within a day of announcing the placement.
Newcrest Mining is set to raise $1.1 billion to fund future growth at its mine sites globally as other companies preserve cash due to concerns over economic uncertainty.
Newcrest Mining has maintained its guidance for the 2020 financial year despite limitations on workforce movement interstate and internationally.
Newcrest has qualified for 40 per cent interest in Havieron gold-copper project in the Paterson region of Western Australia.
Newcrest has updated its gold production guidance for the 2020 financial year following a disappointing performance at the Lihir mine in Papua New Guinea and the Telfer mine in Western Australia.
Newcrest Mining has released an additional 3366 metres of drilling results from its Havieron project, which is near the company’s Telfer mine in Western Australia.
Greatland Gold plans to take advantage of weakness in the junior resources sector by identifying and acquiring projects with Tier 1 potential beyond the Paterson region in Western Australia.
Greatland Gold has generated even more interest in the Paterson Province in Western Australia after announcing exciting results from its latest round of drilling in the region.