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 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.