Business
Why the Newcrest (ASX:NCM) share price is on watch today
The Newcrest Mining Ltd (ASX: NCM) share price will be on watch on Wednesday.
This follows the release of an update on its Red Chris operation in British Columbia, Canada.
What did Newcrest announce?
This morning Newcrest announced its initial mineral resource estimate for the Red Chris mine. This mine is operated by Newcrest under a 70:30 joint venture agreement with Imperial Metals.
The company notes that since becoming operator in August 2019, Newcrest has embarked on an extensive work program to define the potential of block cave mining beneath the existing open pit operation.
These activities have included additional exploration and resource definition drilling, resource optimisation for both open pit and underground mining…
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