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BRIEF-Newcrest Qtrly Gold Production 535Koz

Published 28/01/2021, 08:45 am
© Reuters.
NCM
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Jan 28 (Reuters) - Newcrest Mining Ltd NCM.AX :

* QTRLY GOLD PRODUCTION OF 535KOZ

* QTRLY GROUP AISC OF $968 PER OUNCE

* QTRLY COPPER PRODUCTION 34,557 T VERSUS 37,695 T REPORTED LAST YEAR

* "AT LIHIR, WE ARE ON TRACK TO RELEASE OUTCOMES OF MINE OPTIMISATION STUDY WITH OUR HALF YEAR RESULTS IN FEBRUARY"

* AT LIHIR, PLANNED SHUTDOWN WILL BE EXECUTED IN MARCH QUARTER WHICH WILL RESULT IN A REDUCTION IN MILL THROUGHPUT VERSUS DECEMBER QUARTER

* COSTS ASSOCIATED WITH MANAGING COVID RISKS IN FY21 ARE NOW EXPECTED TO BE HIGHER THAN ANTICIPATED AT START OF YEAR

* FULL YEAR ESTIMATE OF COVID-RELATED COSTS EXPECTED TO BE IN ORDER OF $60-70 MILLION

* FOR CADIA, MILL THROUGHPUT IN MARCH QUARTER TO BE LOWER THAN CURRENT PERIOD ON PLANNED SHUTDOWNS FOR CONCENTRATOR 1 &MATERIAL HANDLING SYSTEM

* FOR CADIA, MOLYBDENUM PLANT IS ON TRACK TO BE FULLY COMMISSIONED IN 4TH QUARTER OF FY21

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