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Newcrest broadens 'exploration advantage' delivery focus

Australian gold major Newcrest Mining believes it well-placed to make the world’s next major gold discoveries.

Newcrest broadens 'exploration advantage' delivery focus Newcrest broadens 'exploration advantage' delivery focus Newcrest broadens 'exploration advantage' delivery focus Newcrest broadens 'exploration advantage' delivery focus Newcrest broadens 'exploration advantage' delivery focus

Newcrest Mining has again beefed up its exploration spend

The company has spent the past few years beefing up its early-stage greenfields exploration pipeline from zero projects four years ago to more than 20 currently.

Speaking after Newcrest's biennial investor day on Friday, CEO Sandeep Biswas said around 20 projects was the right number - give or take.

"What we do do is turn them over, so if you say we have 20 now, if we didn't turn any over, we'd have 30 now," he said.