Newcrest (NCM), the largest ASX listed gold producer, has maintained full year production guidance despite a drop in quarterly production of 11%

Newcrest (NCM), the largest ASX listed gold producer, has maintained full year production guidance despite a drop in quarterly production of 11%. Newcrest today released quarterly production figures delivering gold production of 551,590 ounces and copper production of 21,012 tonnes.The Company said it expected production to come it at the upper end of guidance despite maintenance issues hitting March quarterly figures. Newcrest achieved average realised gold price for the quarter of A$1,450 per ounce and all in sustaining costs of A$988 per ounce (7% higher than the previous quarter). Quarterly Report available here: (VIEW LINK)