Newcrest Mining Limited (Newcrest) announced that it is proceeding with the West Dome Stage 8 cutback at its Telfer operation, with the Newcrest Board approving a total investment of AUD 214 million (~USD 150 million) inclusive of mine operating costs and AUD 73 million (~USD 51 million) of capitalised production stripping. The cutback underpins continuity of operations at Telfer, with the mine now expected to extend operations into early Fiscal year 2025. The cutback is located adjacent to the current West Dome Stage 2 and West Dome Stage 5 pits, and first ore production is expected in the December 2022 quarter.

Telfer guidance for FY23 remains unchanged, including gold production (355-405koz), sustaining production stripping (USD 55-75 million) and sustaining capital expenditure (USD 35-55 million).