Newcrest Gold Output Rises 79%

27 October 2010 (Last Updated February 17th, 2020 13:12)

Newcrest Mining has said that its gold production for the quarter ending 30 September was 674,219oz, a 79% rise from 377,084oz a year ago. The increase in production has been boosted by the acquisition of Lihir Gold, Newcrest said. However, the company's copper output for the quar

Newcrest Mining has said that its gold production for the quarter ending 30 September was 674,219oz, a 79% rise from 377,084oz a year ago.

The increase in production has been boosted by the acquisition of Lihir Gold, Newcrest said.

However, the company's copper output for the quarter fell by 16% to 17,693t, down from 21,289t during the same period in 2009.

Newcrest aims to produce between 2.85 and three million ounces of gold in 2010/11.

The company seeks to produce 1.27 million ounces for the next five years from the Lihir mine in Papua New Guinea.