Cadia cuts Newcrest production guidance
SAG and ball mills at Cadia. Image: Newcrest. BY CAMERON DRUMMOND NEWCREST has lowered its gold production forecast to reflect the temporary suspension of operations at its Cadia gold project in NSW. Cadia’s production guidance was downgraded to between 560,000oz and 600,000oz for FY18, down from between 680,000oz and 780,000oz. An embankment slump of Cadia’s Northern Tailings Facility had occurred in March, halting production at the mine. Mining was suspended, with processing recommencing at a restricted capacity from 29 March due to limitations of the capacity of the Southern Tailings Facility. In April, the gold miner announced it had received approval from the NSW Department of Planning and Environment to use the first 200m of the old Cadia...