News: Newcrest on track to meet FY output forecast

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Newcrest Mining Limited (ASX:NCM) says it remains on track to meet its full year output forecast. The confirmation comes as Australia’s largest listed gold producer reported gold production of 561,731 ounces over the September quarter, falling from the year before.  

 

Quarterly copper production rose from the year before to 24,831 tonnes and silver production also lifted from the year before to 555,731 ounces.  

 

Over the September quarter Newcrest saw an average realised gold price of $A1,393 an ounce, increasing from $A1,373 in the June quarter. 

 

Newcrest expects to deliver between 2.2 million to 2.4 million ounces of gold and between 75,000 to 85,000 tonnes of copper over the full 2015 financial year. 

 

Newcrest Mining narrowed its net loss to $2.2 billion in the 2014 financial year.