gold miner NewcrestMining has reported a fall in revenue, and has taken the decision not to increase its stake in the Havieron mine in WesternAustralia mining Australia Canada Brucejack cost synergies
PERTH – Gold major Newcrest Mining has reported a drop in both production and revenue for the full year ended June, compared with the 2021 figures.
All-in sustaining costs for the 2022 financial year reached $1 043/oz, compared with the $911/oz in 2021.said that Newcrest has delivered a strong performance in 2022 with its operations producing just under two-million ounces of gold. “Works have continued to advance across our global organic growth portfolio, with Cadia, Red Chris, Havieron and Lihir all expected to reach key study milestones throughout 2023. Our track record of exploration success has also continued at Brucejack, Red Chris, with strong drilling results supporting our view of significant resource growth potential,” said Biswas.
to our quality portfolio. We are now the leading gold miner in the Tier 1 jurisdiction of British Columbia, with global exposure to six Tier 1 orebodies and a significant long-life advantage compared to our peers. Brucejack has generated immediate production and cash flows for the group and our three-phase transformation programme has already made exciting progress with a number of initiatives underway to maximise the long-term potential of this asset and district.
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