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DEUTSCHE Bank analyst Peter Rose expects Newcrest Mining to announce a substantial increase in the underground ore reserves at its developing Telfer operation in Western Australia in the first half of next year.
Telfer Deeps contains reserves of 39 million tonnes grading 2.7gpt gold and 0.5% copper, with Rose modelling a 20Mt increase at similar grades.
Rose, who has a 12-month target price of $15.
Increased rates means the contract will now be cashflow positive
Manganese tech company to backdoor into shell
Newcrest approves Havieron decline
