Rise in production

Business, Normal

The National, Monday July 27th, 2015

 NEWCREST Mining Limited has reported an increase in its gold production for the June quarter of this year.

The Australian miner in its quarter report, stated that total group production of gold at its mines was 673 542 ounces, a 10 per cent rise compared to March quarter result of 610 186 ounces, contributing to an increase in gold production to more than 2.4 million ounces for the financial year.

Copper production also increased by 12 per cent, from 86 118 ounces in March to more than 96 000 ounces in the June quarter, said the miner.

On individual mine operations, Newcrest said quarter gold production for its Lihir mine was higher (195 457 ounces) than the previous quarter (178 628 ounces), a result primarily driven by higher grinding throughput and higher feed grades.