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Cadia among best; Lihir still thorny

“Too bold to call it the best gold asset on the planet?” In answering its own analyst’s question, RBC says Newcrest Mining’s flagship Cadia East mine in Australia is “one of the best” – and it could get better. But the major new block cave operation in New South Wales that has dramatically improved Newcrest’s fortunes in the past two years could still represent a double-edge sword for the company.

Cadia among best; Lihir still thorny Cadia among best; Lihir still thorny Cadia among best; Lihir still thorny Cadia among best; Lihir still thorny Cadia among best; Lihir still thorny

Underground development at Cadia East, one of the world's biggest block cave underground mines

RBC says in a note following a series of Newcrest site tours the company’s premier asset is hitting its straps after “what seems like a long period of capital investment as the panel cave was built