Newcrest Mining has exceeded its gold production targets at the Cadia gold operation in New South Wales after achieving records for mined ore and throughput rates.
Newcrest Mining has recorded a 6 per cent increase to its gold production at the Telfer gold-copper mine in Western Australia in the March quarter.
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.
Newcrest Mining has withdrawn from its joint venture (JV) with Encounter Resources at the Aileron copper-gold-rare earths project in Western Australia.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 delivered lower gold production across its mines in Australia and Papua New Guinea.
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 struck a domestic gas sale agreement with Chevron that would go until July 2023.
Australia’s gold mine output in the September quarter declined by five per cent to 78 tonnes, according to Melbourne-based mining experts, Surbiton Associates.
Mining consultancy MEC Mining has expanded into Western Australia with the opening of a Perth office.
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Newcrest Mining has increased rates for Macmahon’s work at its Telfer gold project in Western Australia, putting an end to their contractual dispute.
Safety and sustainability drive operational outcomes, according to Newcrest Mining chief development officer Michael Nossal.
Macmahon Holdings expects an “acceptable agreement” will be made with Newcrest Mining in the near future regarding an increase in revenue from contracts at the Telfer gold mine in Western Australia.
Macmahon Holdings will remain in a trading halt on the Australian Securities Exchange (ASX) in anticipation of an announcement about its contract dispute with Newcrest Mining.
Newcrest has achieved “very strong results” throughout the 2019 financial year driven by a record-breaking performance from its Cadia mine in New South Wales.
Macmahon is set to escalate its contract dispute and pursue legal action against Newcrest Mining to get better rates for its work at the Telfer project in Western Australia.