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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
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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

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