News: NCM Newcrest Posts Qtrly Group Copper Production Of 15,213 Tonnes

Oct 28 (Reuters) - Newcrest Mining Ltd (NCM) :

• QTRLY ALL-IN SUSTAINING COST (AISC) OF $1,270/OZ
• QTRLY GROUP COPPER PRODUCTION 15,213 TONNES
• GOLD AND COPPER PRODUCTION EXPECTED TO INCREASE IN DECEMBER QUARTER
• QTRLY GOLD PRODUCTION 396,214 OZ VERSUS 503,089 OZ REPORTED LAST YEAR
• "SEPTEMBER QUARTER IN LINE WITH EXPECTATIONS AND ON TRACK TO MEET ANNUAL GUIDANCE"
• HIGHER MINING RATES AT LIHIR ARE EXPECTED TO CONTINUE FOR REMAINDER OF YEAR
• REMAIN ON TRACK TO MEET FY22 GUIDANCE
• FIRST ORE PRODUCTION FROM WEST DONE STAGE 5 EXPECTED TO BE DELIVERED TO TELFER MILL IN MARCH 2022
• ELEVATED COSTS RELATED TO PANDEMIC ARE EXPECTED TO CONTINUE THROUGH FY22
• COMMISSIONING OF MOLYBDENUM PLANT ONGOING, FIRST PRODUCTION EXPECTED IN NOVEMBER 2021