“Newcrest specializes in what I call tier-one deposits,” Biswas says in an interview. “We have a clear strategy where we want to continue to gain exposure to tier-one deposits, which in our terminology is typically 300,000-plus ounces per year equivalent comprising copper if available, and gold.”
Further, the company has a penchant for long-lived assets, typically 15 years or longer and assets also must be low-cost with the ability to go into the first quartile range, according to Biswas.
“If you look at Brucejack, it fits all the criteria. And it’s in a tier-one jurisdiction as well, which gives us some geographical spread and reduces the geographical risk as well.”
(Continue reading at The Northern Miner)