Newcrest Mining
(ASX:NCM) has announced its Cadia East mine update PC2, has recommenced production.
The Australian gold miner completed a ‘test and response’ following a seismic event that occurred on 14 April 2017.
Meantime, remediation and upgrade work is continuing in Panel Cave 1 (PC1), with mining to expected to start up there in the September quarter.
As for the Cadia East’s ‘test and response’, that involved drawing 480 kilo tonnes of ore, while monitoring ongoing seismic response levels, to ensure they remain within the expected range and limits.
Iron ore drawn from the testing has been sent via its underground conveyor system to surface, where it was processed.
Shares in Newcrest Mining
(ASX:NCM) are trading about 0.6 per cent higher to $19.81.
