Australian gold miner Newcrest downgrades full-year production forecast

Australia’s biggest gold miner Newcrest Mining Ltd on Thursday cut its full year production forecast, while reporting a fall in third-quarter production.
Newcrest now expects production of 2.25-2.35 million ounces of gold for the full-year ending June 30, down from 2.4 million to 2.7 million ounces expected earlier. It also downgraded guidance for its flagship Cadia mine which restarted production earlier this month following a shutdown due to damages caused by an earthquake in April last year.
The outage at Cadia, pushed down gold production in the March quarter to 575,791 ounces from 598,602 ounces produced last year.
Reporting by Susan Mathew in Bengaluru Editing by Tom Brown.
More News
Chile to cut 2025 copper price forecast, WSJ reports
The Chilean government will cut the estimated average price to $3.90 to $4 a pound from a current projection of $4.25.
April 06, 2025 | 10:49 am
Breakthrough Cu-Ta-Li alloy could transform aerospace, defense applications, researchers say
US Army Research Laboratory developed nanostructured copper alloy with exceptional thermal stability and mechanical strength.
April 04, 2025 | 04:17 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments