Newcrest Mining’s Limited
(ASX:NCM) gold output rose to more than 621,000 ounces, up 6 per cent on the previous quarter.
The gold miner says it expects gold production for the year to come in at the top end of the guidance range at 2.3 million ounces.
Managing Director and CEO Greg Robinson says the company is focused on improving productivity, reducing costs and capital expenditure as well as maximising free cash flow.
Newcrest is on track to be cash flow positive after it secured an average realised gold price of $1,372 per ounce during the quarter, while the all-in sustaining cost of production was below that amount.
Newcrest Mining booked a net loss of $5.7 billion in fiscal 2013.
