News: Newcrest Mining boosts FY15 output forecast

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Newcrest Mining Limited (ASX:NCM) has boosted its annual output forecast after achieving a better than expected result in the three months to the end of December 2014.  

 

Australia’s largest listed gold miner produced 577,110 ounces of gold and 25,508 tonnes of copper in the second quarter of its 2015 financial year. 

 

The company now expects to deliver between 2.3 million ounces and 2.5 million ounces of gold and between 90,000 tonnes to 100,000 tonnes of copper over the full 2015 financial year. 

 

Newcrest Mining has also lowered its annual all-in sustaining cost guidance range to between $2.3 billion and $2.5 billion for the 12 months of the end of June 2015.  

 

Newcrest Mining narrowed its net loss to $2.21 billion in the 2014 financial year.