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2023-01-25 02:21:50

Newcrest produces 512koz of gold in December quarter, endorses Lihir phase 14A project

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Kitco NEWS
By Vladimir Basov

Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.

(Kitco News) - Newcrest (ASX, TSX: NCM), one of the world's largest gold mining companies, today reported gold production of 512koz and copper production of 35kt in the December quarter of 2022.

The company said that gold production was 3% lower than the prior period (September quarter: 527koz) driven by lower mill throughput at Lihir with drought conditions continuing to limit water supply to the plant, and the temporary suspension of operations at Brucejack following the fatality in October 2022.

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