Cadia is 100% owned by Newcrest through its wholly owned subsidiary, Cadia Holdings Pty Ltd.
The Cadia East mine is operating, and the Ridgeway mine is not operational but remains subject to maintenance requirements.
In FY23, Cadia produced 597 koz of gold at an All-In Sustaining Cost of $45 per ounce.
In November 2022, the Panel Cave (PC) 1-2 feasibility study was approved to execution.
PC1-2 is the next panel cave for execution at Cadia after PC2-3 and its development is expected to recover approximately 20 per cent of Cadia’s published Ore Reserves.
Sustainability and community
Newcrest places a high value on the support and endorsement of its activities by surrounding communities. Newcrest is a major employer and economic contributor to the local economy.
Cadia works closely with local community groups and government agencies to provide ongoing infrastructure and support in the Orange, Blayney and Cabonne local government areas.
Newcrest undertakes a range of environmental reporting and monitoring activities to ensure that Cadia maintains a safe environment for employees, operating and developing mines in line with good environmental practices and commitment to local communities.
The Parliamentary Inquiry submission provides information on a range of current and planned measures designed to ensure Cadia remains in compliance with regulatory requirements and meets the environmental, health and safety expectations of both the local and broader communities.
As of November 6, 2023, Newcrest Mining Limited has been acquired by Newmont Corporation, to
create the world’s leading gold mining company with robust copper production. Please visit Newmont.com to learn more.