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Newcrest Mining Limited (ASX:NCM) says it is on track to deliver annual gold output around the top end of its guidance range as it gears up for a changing of the guard.
The gold miner reported gold production of 551,590 ounces and copper production of 21,012 tonnes in the first three months of 2014.
The company has also announced its incoming Managing Director and CEO Sandeep Biswas is set to start in the role on July 4, 2014.
Mr Biswas started working for the gold producer at the beginning of this year as Chief Operating Officer and as an Executive Director.
When he takes the reins in July Mr Biswas will replace CEO Greg Robinson who will then retire after joining Newcrest in 2006 and leading the company since July 2011.
New Chairman Peter Hay says Mr Biswas’ background and skills will contribute to the company’s success and accelerate its positive performance turnaround.
Newcrest Mining narrowed its net profit to $44 million in the first half of the 2014 financial year.
