Newcrest hit by power prices, Cadia damage

Original article by Peter Ker, Tess Ingram
The Australian Financial Review – Page: 19 : 28-Apr-17

Newcrest Mining has warned that full-year gold production for 2016-17 is likely to be at the lower end of its guidance. Newcrest has also indicated that its Cadia gold mine in New South Wales is unlikely to return to full capacity for some time following an earthquake. Meanwhile, the company has advised of an increase of about 90 per cent in the base price it will pay for electricity at Cadia under a new supply agreement for 2017-18. Newcrest says it will seek a better supply deal.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, RBC CAPITAL MARKETS

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