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GOLD major Newcrest has flagged a write down of almost $200 million on its Telfer gold-copper mine after facing lower gold recoveries and higher than expected closure and operational costs.
A visitor at the Telfer gold mine in remote WA
Telfer is in Western Australia's East Pilbara, in the Great Sandy Desert.
The mine is made up of the Main Dome and West Dome open pits and the Telfer underground mine.
Lithium miners count the costs of the price slump as the global over-supply issue starts to bite.
A Telfer triumph may be brewing
