💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

BRIEF-Newcrest Mining posts 2.6 pct rise in March quarter gold production from prior quarter; FY16 guidance unchanged

Published 26/04/2016, 08:55 am
© Reuters.  BRIEF-Newcrest Mining posts 2.6 pct rise in March quarter gold production from prior quarter; FY16 guidance unchanged
NCM
-
HG
-

April 25 (Reuters) - Newcrest Mining Ltd NCM.AX :

* March quarterly report

* Qtrly group silver producion 817,484 ounces versus 584,043 ounces in December

quarter

* Qtrly group gold production 636,521 ounces versus 620,691 ounces in December

quarter

* FY 2016 group gold production guidance remains unchanged at 2.4moz to 2.6moz

* Says FY 2016 group AISC spend guidance has decreased to USD 1,875 - 1,975M

* FY 2016 group capital expenditure guidance has decreased to USD 440 million -

540 million

* Qtrly group copper production 22,924 tonnes versus 17,581 tonnes in December

quarter

* Mining is unlikely to resume at the kencana mine before the end of FY 2016

* FY 2016 copper and silver production guidance remains unchanged

* Sustaining capital expenditure in the final quarter is expected to be higher

than prior quarters

Source text for Eikon ID:nASX7qRP83

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.