Sandeep today1 Nov 2020 17:44
It's even better news for Newcrest, declares Biswas, who kickstarted the company's growth phase with new projects and acquisitions long before the gold price spikes of the past two years. That means Newcrest's projects were already "economic at much lower gold prices than today" and had now become even more robust. All of Newcrest's assets fit the criteria of being low-cost and long-life, Biswas says, which means the company is able to achieve strong margins at the lower end of prices.