Newcrest Mining Limited
(ASX:NCM) has maintained its full year gold and copper production guidance after boosting its output slightly in the December quarter.
The mineral explorer produced 493 ounces of gold and 20 tonnes of copper in the three months to the end of December, slightly increasing the totals achieved in the September quarter.
Newcrest’s Cadia East project in New South Wales reached its first commercial production milestones by the end of December, while its Lihir project in PNG is in final commissioning stages, with completion expected by the end of this month.
The company expects total gold production for the current financial year to be at the low end of the 2.3 to 2.5 million ounce range.
Newcrest mining generated a $1.17 billion net profit in the 2012 financial year.
