West Dome Stage 8 Approval Extends Life of Telfer Mine
Newcrest Mining Limited (ASX: NCM) is proceeding with the West Dome Stage 8 cutback at its Telfer operation, with the board a total investment of A$214 million, inclusive of mine operating costs, and A$73 million of capitalised production stripping. Newcrest said the cutback would underpin continuity of operations at Telfer, with the mine now expected to extend operations into early FY25 . The cutback is located adjacent to the current West Dome Stage 2 and West Dome Stage 5 pits, and first ore production is expected in the December 2022 quarter. Newcrest Managing Director and Chief Executive Officer, Sandeep Biswas, said: “We are delighted to further extend the life of our Telfer operation, highlighting our ability to maximise the full...