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Newcrest Mining commits $182 million to expand Telfer
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Press Release - MINING COM
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Imperial Reports Second Quarter 2021 Financial Results
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Melbourne, Australia (Newsfile Corp. - July 21, 2021) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) Newcrest Managing Director and Chief Executive Officer, Sandeep Biswas, said, Newcrest has safely delivered its group production and cost guidance for the year following a strong fourth quarter. Cadia exceeded the top end of its production guidance range and delivered mine and mill throughput records, showcasing the quality of this world class asset. Newcrest s All-In Sustaining Cost of $797/oz for the June quarter was underpinned by record quarterly AISC outcomes for Cadia and Red Chris, translating to an impressive All-In Sustaining Cost margin of $983/oz. We have made significant progress advancing our multiple organic gold and copper growth options during the quarter. At Red Chris and Havieron we commenced decline development works which are the critical path to reaching commercial production. We are also on track to release the outcomes of several of our exciting grow
Newcrest Mining Limited - Quarterly Exploration Report for the Three Months Ended 30 June 2021
Highlights
At Red Chris, drilling continues to expand the higher grade mineralisation intersected at East Ridge, with the new discovery adjacent to the East Zone returning the highest grade intercept to date (at East Ridge), supporting the potential for resource growth:
RC700 returned 366m @ 1.1g/t Au & 0.93% Cu from 738m, incl. 146m @ 2.1g/t Au & 1.6% Cu from 780m. This hole is the highest grade intercept to date (at East Ridge) and located 100m above RC688 (previously reported).
East Ridge is located outside of Newcrest s Red Chris initial Mineral Resource estimate. Mineralisation remains open in all directions and drilling to define the extent is ongoing.