Newcrest Mining record gold production in PNG

Company News

by Jessica Amir

Newcrest Mining (ASX:NCM) reported its third year of record annual gold production at its Lihir gold mine in PNG.

Overall, its gold production for the 2018 financial year is at the upper end of its revised guidance, just 2 per cent below its original guidance.

As for copper production, that came above its revised guidance and just 3 per cent below its original financial year guidance.

Newcrest says it was quarter ‘to be proud of’, coupled with record production in PNG, it also recovered well from the NSW Cadia tailings wall slump in March.

Shares in Newcrest Mining (ASX:NCM) are trading 4.85 per cent higher at $20.97
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter.