Newcrest Mining Ltd
(ASX:NCM) says full year gold and copper production has come in within its guidance range.
The miner recorded gold production of 1,762,200 ounces and copper production of 86,574 tonnes for the 12 months to 30 June 2010.
During the June quarter, gold production increased 26% with increased production achieved at all sites.
Newcrest reports that cash costs remain well within the lowest quartile of the industry with net cash costs of $342 per ounce.
The miner says cost guidance was achieved at each site, except for Hidden Valley where commissioning delays during the year extended the period of cost capitalisation until 1 May 2010.
Newcrest Mining reported a profit of $248 million for the year ending 30 June 2009.
