Australia's Newcrest Q2 gold output down marginally; maintains 2018 Guidance

By Kitco News / January 29, 2018 / www.kitco.com / Article Link

Jan 30 (Reuters) - Newcrest Mining Ltd second-quarter gold production fell 0.3 percent from a year ago but rose 17.2 percent over the prior quarter driven by increased production at Cadia, Lihir, Bonikro and Telfer.

Newcrest said total gold outputfrom its mines in Australia, Indonesia, Papua New Guinea and Ivory Coast fell to 612,695 ounces in thequarter ended Dec. 30 from 614,715 ouncesa year ago, but increased substantially compared with Sept.quarter's production of 522,917 ounces.

Australia's largest independentgold producermaintainedits fiscal 2018 production guidance ofbetween 2.4-2.7 million ounces.


(Reporting by Chandini Monnappa in Bengaluru)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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