News: NCM Newcrest QTRLY Group AISC Of $1,127/Oz Versus $968/Oz Reported Last Year

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

• QTRLY GROUP AISC OF $1,127/OZ VERSUS $968/OZ REPORTED LAST YEAR
• PRODUCTION EXPECTED TO FURTHER INCREASE IN MARCH 2022 QUARTER
• ON TRACK TO DELIVER GROUP FY22 GUIDANCE
• QTRLY GROUP GOLD PRODUCTION 436,085 OZ VERSUS 535,477 OZ REPORTED LAST YEAR
• ACROSS ALL OPERATIONS, WELL POSITIONED FOR A STRONG H2 AND REMAIN ON TRACK TO MEET FY22 GUIDANCE
• QTRLY GROUP COPPER PRODUCTION 26,418 TONNES VERSUS 34,557 TONNES REPORTED LAST YEAR
• QTRLY REALISED GOLD PRICE $1,743/OZ VERSUS $1815/OZ REPORTED LAST YEAR
• AT LIHIR, PRODUCTION PERFORMANCE HAS BEEN IMPACTED BY REDUCED MANNING LEVELS IN THE QUARTER
• AT LIHIR, ELEVATED COSTS RELATED TO THE PANDEMIC ARE EXPECTED TO CONTINUE THROUGH FY22
• COVID-19 CASES HAVE ALSO BEEN RECORDED AT CADIA AND RED CHRIS WITH ONSET OF OMICRON WAVE
• AISC GUIDANCE EXPENDITURE FOR FY22 INCLUDES ESTIMATE OF ADDITIONAL COSTS ASSOCIATED WITH MANAGING BUSINESS IN COVID-19 OF ABOUT $35 TO $45 MILLION
• AT HAVIERON, DEVELOPMENT OF THE EXPLORATION DECLINE EXPERIENCED POOR GROUND CONDITIONS DURING THE QUARTER