News: NCM Newcrest Mining Posts Qtrly Group Gold Production Of 512,130 OZ

Jan 25 (Reuters) - Newcrest Mining Ltd (NCM) :

• QTRLY ALL-IN SUSTAINING COST $1,082/OZ
• QTRLY GOLD PRODUCTION OF 512KOZ AND COPPER PRODUCTION OF 35KT
• QTRLY GROUP GOLD PRODUCTION 512,130 OZ VERSUS 527,115 OZ IN SEPT QUARTER
• QTRLY GROUP COPPER PRODUCTION 34,564 T VERSUS 32,459 T IN SEPT QUARTER
• RED CHRIS BLOCK CAVE FEASIBILITY STUDY EXPECTED TO BE COMPLETED IN H1 FY24
• REMAINS ON TRACK TO DELIVER ITS FULL YEAR PRODUCTION GUIDANCE FOR FY23
• GOLD HEAD GRADE EXPECTED TO DECREASE IN SECOND HALF OF FY23 AS MINING AT CADIA TRANSITIONS INTO LOWER GOLD GRADE ORE SOURCES
• GOLD PRODUCTION AT LIHIR AND BRUCEJACK ARE EXPECTED TO INCREASE IN SECOND HALF OF FY23
• LIHIR AND BRUCEJACK BOTH OPERATIONS ARE ANTICIPATED TO DELIVER AT LOWER END OF THEIR PRODUCTION GUIDANCE RANGES FOR FY23
• FOR WAFI-GOLPU, PROGRESS MADE BETWEEN NEWCREST, HARMONY & PNG GOVERNMENT REGARDING POTENTIAL TERMS OF A MINING DEVELOPMENT CONTRACT
• FY23 CONTINUES TO BE AN INVESTMENT YEAR FOR RED CHRIS
• FIRST HIGH GRADE ORE FROM LIHIR PHASE 14A IS EXPECTED TO BE DELIVERED FROM FY24
• FEASIBILITY STUDY IS NOW EXPECTED TO BE COMPLETED IN FIRST HALF OF FY24 FOR RED CHRIS