Newcrest sees plenty of upside for Telfer

THE prospects for Newcrest Mining's mothballed Telfer mine are looking brighter after the miner yesterday declared an ongoing feasibility study has confirmed the project's viability.

Telfer was closed in July 2000 after more than two decades of operation, when it was decided production costs were too high to make the project viable in the wake of dwindling gold prices.

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