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PRECIOUS METALS

Telfer's battle royalty

Aging mine likely to be hit hard by royalty increase.

Noel Dyson
If the WA gold royalty goes ahead Telfer faces the possibility of making just $1 in profit for every ounce mined.

If the WA gold royalty goes ahead Telfer faces the possibility of making just $1 in profit for every ounce mined.

In a You Tube video some of Newcrest Mining’s 1500 Telfer employees spoke openly about their fear of losing their jobs if the gold industry is hit with a 50% increase in the royalty rate. Telfer is particularly...

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