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Dam wall breach to hit Newcrest in pocket

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March 12, 2018

Cadia owner Newcrest will take a financial hit from the dam wall breach at its NSW goldmine.

Cadia owner Newcrest says it will take a financial hit from the dam wall breach at its NSW goldmine but it is still too early to say how big it will be.

Production at the Cadia mine was halted at the weekend following a breach at the tailings dam but Newcrest says there has been no further movement in the dam wall since late Friday.

Newcrest, which says it does not use substances such as mercury, cyanide and arsenic at its biggest and lowest cost mine, and will update its production, capital and cost guidance following further recovery work at the site.

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