Home » » Newcrest maintains target

Newcrest maintains target

Admin | 9:14 PM |
 Newcrest Mining has reaffirmed its full-year gold production guidance after its biggest mine returned to full production helping to push up output.
The company has been hit by a series of incidents at its mines, which affected output in the previous two quarters. Even during the March quarter, production at its two Indonesian underground mines was affected following a `geotechnical’ incident in February.
Australia’s largest gold producer, however, bounced back to produce 636,521 ounces of gold in the three months to last month, 2.55 per cent higher than the December quarter’s 620,691 tonnes. Production at its Telfer mine in Western Australia and Lihir mine in Papua New Guinea was slightly lower. – AAP