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Operations
Operations Overview
Newcrest owns and operates seven mines – five located in Australia, one in Indonesia and one in Papua New Guinea. All mines are based on the conversion of exploration successes into low cost, long life mines.
The depth of the company’s operational expertise enhances its ability to efficiently operate the existing mine portfolio. Efficient and low cost bulk mining methods are used for low-grade deposits while selective mining methods are used to recover ore from the higher grade underground deposits. A number of operations benefit from the economic impact of copper-by-product credits.
A re-affirmation of the strategy of optimising performance of our assets is highlighted by our cash costs which rank in the lowest quartile among global gold producers.
Existing operations mine lives are expected to be extended by the progressive development of current projects and further exploration successes in and around existing operations.
The following graphs illustrate key group production and cost statistics.
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