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The company is aiming to modify the Cadia East approval to increase the permit for the upper limit of the processing plant from 27 million tonnes per annum to 32Mtpa.
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Newcrest said any decision to increase production capacity and the associated capital requirement was subject to further studies and board approval.
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Cadia East鈥檚 $A2 billion, 10Mtpa Panel Cave 1 has ramped up faster than expected and the 16Mtpa Panel Cave 2 reached commercial production and is in the ramp-up phase.
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The mine operated at a run-rate of 12.2Mtpa in the December quarter and once it hits 26Mtpa, will be Australia鈥檚 largest underground metalliferous mine and one of the largest in the world.
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Cadia East produced 102,347 ounces of gold in the December quarter, within the Cadia Valley operation鈥檚 total of 165,000oz.
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The operation is set to produce 610,000-650,000oz gold and 70,000t copper this financial year at all-in sustaining costs of $200-220 an ounce.
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Cadia Valley production is expected to reach 700,000oz gold in FY16 and increase again in FY17.
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Newcrest shares closed at $13.93 yesterday.
