Newcrest Mining Limited PNGX: NCM) is pleased to announce that the Newcrest Board has approved the Cadia PC1-2 Pre-Feasibility Study enabling the commencement of the Feasibility Stage and Early Works Program. The Study updates and defines a significant portion of Cadia's future mine plan, with the development of PC1-2 accounting for ~20% of Cadia's current Ore Reserves. The approved commencement of the Early Works .
Newcrest delivers record profit and free cash flow and a 129% increase in final dividend,,, Creating a brighter future for people through safe and responsible mining Zero fatalities and life-changing injuries, underpinned by industry-leading low injury rates Goal of net zero carbon emissions by 2050 Cadia renewable energy contract signed - on track for 30% reduction in Group emissions intensity by 2030 Strong .
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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 Report for the Three Months Ended 30 June 2021
Strong June Quarter delivers FY21 guidance and quarterly records
Creating a brighter future for people through safe and responsible mining
Goal of net zero carbon emissions by 2050
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(2) underpinned by a 27% improvement in TRIFR
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Achieved FY21 production guidance, with Cadia exceeding the top end of its guidance range
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(5) and copper production of 38kt
All-In Sustaining Cost (AISC) of $797/oz
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Cadia recorded its lowest reported quarterly AISC of negative $377/oz
Red Chris recorded its lowest reported quarterly AISC of $651/oz
FY21 AISC of $905/oz, delivering an AISC margin of 49% or $884/oz
Newcrest Mining Limited - Quarterly Report for the Three Months Ended 31 March 2021
Lower costs, on track to deliver FY21 guidance and growth options advanced
Operating performance in line with expectations
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Improved All-In Sustaining Cost (AISC) of $891/oz
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On track to deliver FY21 guidance
Advancing multiple organic growth options
Box cut and surface infrastructure construction progressing well at Red Chris and Havieron
Newcrest s initial Mineral Resource estimate for Red Chris released, supporting the potential development of a high margin underground block cave
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Early repayment of the remaining 2022 Corporate Bonds using available cash
Maturity dates extended on undrawn bilateral bank debt facilities