Newcrest Mining Limited
(ASX:NCM) has maintained its gold and copper production guidance, but says all of its business activities remain under review.
The miner says it produced 514,421 ounces of gold in the March quarter and 19,023 tonnes of copper.
Gold production was 4 per cent higher compared to the December quarter.
Newcrest flagged high operating costs in the global gold mining industry amid a decline in commodity prices and a strong Australian dollar
The company says it’s reviewing all of its business activities, with a view to expanding lower cost production sources and creating strong returns on major investments.
Newcrest Mining generated a net profit of $339 million for the first half of fiscal 2013.
