Newcrest Mining Limited
(ASX:NCM) has reduced its forecasts for gold and copper production for this year.
The gold miner’s downgrade has come due to rising costs in labour and energy as well as a fall in productivity and the high Australian dollar.
Newcrest has lowered its copper production figures to 70-75,000 tonnes from 75-80,000 tonnes.
Newcrest Mining posted a record first half net profit of $684 million.
