Pictured: Newcrest Chief Executive Sandeep Biswas
Newcrest Mining Ltd (ASX:NCM) chief executive Sandeep Biswas is expecting a quick restart to activities at Fruta de Norte, Ecuador, once COVIS-19 related restrictions are lifted.
Today, NCM announced the acquisition of the gold prepay and stream facilities and an offtake agreement in respect of Lundin Gold Inc.’s Fruta del Norte mine for $460 million.
“… they are a great management team and managed that well. When the green light is given I am pretty sure that it won’t take them that long to get back up to where they were before, which was very good commissioning and a well-run business,” Biswas said.