The head of Newcrest Mining Ltd (ASX:NCM), Ian Smith, has affirmed the gold miners commitment to its Bonikro gold mine in Ivory Coast.
Last month Newcrest said it had been forced to suspend operations at its Bonikro because of a deterioration in the security situation.
The suspension of these operations and flooding was earlier this week attributed to Newcrests’ 16 per cent decline in quarterly gold production.
However, Mr Smith says the situation in Bonikro is a temporary impact on the company’s profile going forward.
At the beginning of this week Newcrest downgraded its full-year output guidance to 2.82 million ounces.
In the first half of its 2011 financial year, Newcrest Mining generated a net profit of $466 million.
