Newmont (NYSE:NEM) has issued an update on its Cadia mine following a magnitude 4.5MLa earthquake that occurred earlier this week in the Central West region of New South Wales.
The company indicated that, based on initial evaluations, near-term production should not be affected. Ongoing underground inspections are aimed at determining the full extent of recovery requirements and assessing any potential longer-term impact on output.
While some damage has been identified in parts of the underground workings, it has been described as limited. Processing activities have continued to ramp up and are gradually returning to normal operating levels.
Newmont added that all surface facilities—including tailings storage areas and dams—were inspected shortly after the event, with no damage reported so far.