News: NCM Newcrest Mining Posts Qtrly Gold Production 551Koz

Jan 30 (Reuters) - Newcrest Mining Ltd (NCM) :

• QTRLY GROUP AISC OF $859 PER OUNCE, DOWN $40 FROM SEPTEMBER 2019 QUARTER
• QTRLY GOLD PRODUCTION 551KOZ, UP 8% FROM SEPTEMBER 2019 QUARTER
• QTRLY COPPER PRODUCTION OF 38KT, UP 52% FROM SEPTEMBER 2019 QUARTER
• GOLD PRODUCTION IN SECOND HALF OF FINANCIAL YEAR IS EXPECTED TO BE HIGHER THAN FIRST HALF
• FY20 GROUP GOLD AND COPPER PRODUCTION GUIDANCE REMAINS UNCHANGED
• PNG MINISTER FOR MINING HAS ADVISED THAT STATE OF PNG HAS WITHDRAWN SUPPORT FOR MOU WITH WAFI-GOLPU JOINT VENTURE
• STATE OF NEW SOUTH WALES REMAINS IMPACTED BY A SEVERE DROUGHT
• IF RAINFALL AT/ABOVE BOTTOM QUARTILE OF HISTORICAL LEVELS IN REST 2020 CALENDAR YEAR, PRODUCTION AT CADIA NOT EXPECTED TO BE IMPACTED
• RECENT BUSHFIRES HAVE HAD NO DIRECT IMPACT ON CADIA
• FIRES CAUSED SOME DAMAGE TO TRAINLINES & ASSOCIATED INFRASTRUCTURE WHICH DELAYED TRANSPORT OF SOME OF CADIA'S CONCENTRATE
• PROSPECTIVE ACQUIRERS EXPRESSED PREFERENCE TO ACQUIRE ALL OF CO'S 75% STAKE IN GOSOWONG & IS NOW MORE LIKELY OUTCOME
• STATE OF PNG WITHDREW SUPPORT FOR WAFI-GOLPU JV MOU CITING DELAY BY LEGAL PROCEEDINGS BY MOROBE PROVINCIAL GOVERNMENT
• STATE OF PNG INTENDS TO RESOLVE LEGAL PROCEEDINGS & TO WORK WITH WAFI-GOLPU JV TO EXPEDITE PROJECT PERMITTING DISCUSSIONS
• CO'S INTERNAL MODELLING INDICATES IF RAINFALL REMAINS AT 1-IN-100 YEAR LOWS, PRODUCTION MAY BE IMPACTED BY END OF CALENDAR YEAR 2020