Cadia tailings dam failure to hit guidance

A tailings dam wall failure will likely hinder Newcrest Mining (AU:NCM) hitting its full-year guidance at the Cadia mine in New South Wales, Australia.

Kristie Batten

The tailings dam wall failure at Newcrest's Cadia mine started last week

Speaking to investors on Thursday morning, managing director Sandeep Biswas said the company was extremely disappointed the incident had occurred.