Copper price bounces back after hitting six-month low

Despite 5% rise in output, Newcrests stock has fallen more than 9% this year.

Company now expects to produce between 705,000-725,000 tonnes this year, down from the earlier 705-740,000 tonnes target.

The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts’ estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the period.

Precious metal minersaid the target represents "a high priority" for further exploration given its large size.

'There have been tenders, lots of meetings, lots of promotional activities, but it’s only today that we have for the first time a legal document'

The deal is part of Jacobs’ strategy to optimize its portfolio with a focus on higher-growth, higher-profit infrastructure and commercial projects - CEO

Previ intends to reduce its stake in the miner over the medium-term.

He is said to have already begun training three to four people to succeed him in the job.

The mine has been closed since 2015 after Yukon Zinc lost over $100 million in each of the three years it was in production.