Drought to hit Newcrest mine

Original article by Nick Evans
The Australian – Page: 20 : 31-Jan-20

Newcrest Mining has advised that it produced 551,000 ounces of gold in the December quarter, which is eight per cent higher than previously. Its all-in-sustaining cost of production fell by $US40 an ounce to $US859. Newcrest’s flagship Cadia mine in New South Wales produced 239,722 ounces of gold and 26,478 tonnes of copper during the quarter. However, Newcrest has warned that the declining water supply at Cadia means that production cuts may be necessary before the end of the year if the drought persists.


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