Sue Gilroy

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Gold boom prompts Newcrest to ponder Telfer extension – The Australian Financial Review

Australian gold miners are extending the life of their mines with the stroke of a pen by raising their gold price assumptions.



Fresh from reporting Newcrest’s best profit in eight years, chief executive Sandeep Biswas said his company had not deviated from using $US1200 per ounce to calculate its gold reserves, but he said the future of Telfer could look much rosier if current gold prices were assumed.
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Sue Gilroy