Newmont Corporation announced on October 31, 2024, its application to extend the permit for its Cadia operation in New South Wales, Australia, until 2050. Cadia is recognized as Australia's largest underground mine and a significant asset in Newmont's portfolio.
The Cadia mine is a substantial producer, yielding nearly 600,000 ounces of gold and a considerable portion of Australia's copper annually. Extending its operational life by several decades would secure a long-term production base for Newmont.
This proposed extension is expected to generate over 2,100 full-time jobs, providing significant regional economic benefits. The move underscores Newmont's strategy to maximize value from its world-class assets and ensure long-term operational continuity.
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