Tag: Telfer

All images: Newcrest.   BY ELIZABETH FABRI   ON the back of one of its most eventful years to date, including an earthquake at its Cadia operation in April, Newcrest Mining remains in a comfortable position – on track to achieve its annual production guidance for the fourth consecutive year while advancing greenfields exploration overseas.   The Newcrest executive team made some big decisions in 2016. The global gold miner signed an agreement to sell its 50 per cent stake in its PNG Hidden Valley facility at a $10m loss, let go of its Marsden copper gold project in NSW, put its Ridgeway underground mine at Cadia into care and maintenance, and welcomed a new investment to its portfolio --...

More than five million ounces of gold has been produced at Telfer since operations recommenced in 2004. Image: Newcrest.   By Elizabeth Fabri   BIDDING farewell to its Hidden Valley and Marsden projects has Newcrest looking to the future, and there is much to celebrate. From increased production at Cadia East, progress at Wafi-Golpu and a potential stake in gold junior SolGold, Newcrest’s sights are set on continued success across its global asset base. Newcrest Mining produced 2.439 million ounces of gold and 83,000 tonnes of copper in FY16, meeting the group’s production and cost guidance for the third consecutive year. The gold giant’s managing director and chief executive Sandeep Biswas described the results as “solid” and identified a number of...