Newcrest Mining Limited
(ASX:NCM) is on track to deliver its full-year production guidance for both gold and copper, according to media reports.
In a presentation to a Mining and Investment Conference, Newcrest reportedly said it still expects its full-year gold production to come in between 2 million ounces and 2.15 million ounces.
The miner expects copper production for the year to be between 75 kilotonnes and 85 kilotonnes.
Newcrest also flagged a challenging gold macro environment for higher cost miners but says it’s reacted decisively to these challenges.
Newcrest also noted recent relief from the lower dollar.
Newcrest generated a net profit of $339 million in the first half of fiscal 2013.
