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Newcrest green-lights first stage of Cadia expansion

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

Kristie Batten
Stockpiles at Newcrest Mining's Cadia operations in New South Wales, Australia

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. ...

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