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The board of Australian gold major Newcrest Mining has approved the first part of the company’s planned two-stage Cadia expansion project in New South Wales.
Stockpiles at Newcrest Mining's Cadia operations in New South Wales, Australia
The two-stage project has an estimated total capital cost of US$865 million, a forecast real net present value of $1.17 billion, an internal rate of return of 21.5% and a payback period of 7.6 years.
Miner approves US$1.2B project after feasibility study
Newcrest moves ahead with Lihir expansion
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