Newcrest in dark on Cadia restart

Original article by Matt Chambers
The Australian – Page: 21 : 16-Mar-18

Analysts have scaled back their 2017-18 production forecasts for Newcrest Mining’s Cadia gold mine after the company advised that it is uncertain when production will resume. Peter O’Connor of Shaw Stockbroking expects output for the fiscal year to be about 570,000 ounces following the collapse of a tailings dam wall. Full-year output at the mine had been slated to be within the range of 680,00 to 780,000 ounces. Newcrest CEO Sandeep Biswas says the cause of the incident remains unknown, and it does not appear to be linked to recent seismic activity.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, SHAW STOCKBROKING LIMITED, BHP BILLITON LIMITED – ASX BHP, RBC CAPITAL MARKETS, SAMARCO MINERACAO SA

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