News: NCM Newcrest Posts Qtrly Gold Production Of 527,115 Oz

Oct 27 (Reuters) - Newcrest Mining Ltd (NCM) :

• QTRLY ALL-IN SUSTAINING COST OF $1,098/OZ VERSUS $1,270/OZ REPORTED LAST YEAR
• QTRLY GOLD PRODUCTION 527,115 OZ VERSUS 396,214 OZ REPORTED LAST YEAR
• QTRLY GROUP COPPER PRODUCTION 32,459 TONNES VERSUS 24,527 TONNES REPORTED LAST YEAR
• GOLD AND COPPER PRODUCTION IS EXPECTED TO IMPROVE IN THE DECEMBER 2022 QUARTER ON LOWER PLANNED MAINTENANCE
• REMAIN ON TRACK TO MEET FY23 GUIDANCE
• LONG-RANGE WEATHER FORECASTS INDICATE LA NIÑA WILL PERSIST INTO 2023 & FURTHER WATER RESTRICTIONS ARE ANTICIPATED IN THE DEC QUARTER FOR LIHIR
• HIGHER MINING RATES ARE EXPECTED TO CONTINUE IN FY23 IN LINE WITH MINING IMPROVEMENT PROGRAM FOR LIHIR