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Newcrest gets nod for $106 million construction funding at Red Chris – MINING.COM – MINING.com
Meanwhile, the company reported that its underlying profit nearly doubled in H2 2020.
“Drilling activities have confirmed the presence of high-grade pods in the upper sections of the macroblocks, and we are evaluating a number of options to mine these pods with the aim of generating cash flows prior to the completion of the block cave,” he added.
In addition, the board of directors has approved a C$135 million funding for the construction of the exploration decline and associated infrastructure and permitting costs, subject to further regulatory approvals. This funding is in addition…
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