IWonder - In 2013/14 Newcrest lost $2.23 bn. Although they...

IWonder - In 2013/14 Newcrest lost $2.23 bn. Although they returned a profit of $200m in the next 6 months, their nett debt had increased to $4.29bn, and in Feb 2015 Newcrest said it was considering "alternate ownership options" for Telfer. In order to attract a buyer they reduced the cash costs of producing an ounce of gold from $1103 to $867. The mine, however, had reached the stage of its life where $200m had to be spent cutting back the sides of the pit in order to get at more ore.
After returning a $545m profit in 2015/15 Newcrest decided to retain its Telfer mine.

Newcrest's debt level is still a concern for them, as is the age of the Telfer mine.

If exploration results go well, both Newcrest and Rio Tinto are going to have a very close look at Antipa (if you get my drift).