Newcrest Mining Ltd. (NCM.AU) produced 11% less gold
in the company's fiscal third quarter as it carried out maintenance work
at some of its mines. It also produced less copper.
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Australia's largest-listed gold producer reported gold output of 551,590
troy ounces in the three months through March, down from 621,125 ounces
in the quarter immediately prior.
Still, production was higher than in the year-earlier period, when
Newcrest produced 514,421 ounces of the precious metal. Copper output in
the third quarter was down 7% from the previous three months, at 21,012
metric tons.
The company reiterated earlier guidance for the year through June,
saying gold output would be at the higher end of its expected 2.0-2.3
million-ounce range this fiscal year.
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