Newcrest Mining

Equities

NCM

AU000000NCM7

Delayed Australian S.E. Other stock markets 01:10:49 2023-10-26 am EDT			5-day change	1st Jan Change
23.35 ^AUD	-1.27%		-.--%	-.--%

2023	National Bank of Canada Reduces Newmont's Price Target	MT
2023	Newmont Completes Newcrest Mining Acquisition	MT

Newcrest Gold, Copper Production Falls Quarter-on-Quarter

October 27, 2021 at 05:57 pm EDT

By Rhiannon Hoyle

Newcrest Mining Ltd. said it produced less gold and copper during its first fiscal quarter versus the preceding three months because of mostly planned maintenance and upgrade work.

The Australia-based mining company Thursday reported 396,214 troy ounces of gold production for the three months through September, down from 542,332 ounces in the quarter immediately prior.

Quarterly copper production totaled 24,527 metric tons, down from 38,370 tons over the same period.

"Newcrest's production in the September quarter was in line with our expectations and reflects the replacement and upgrade of the SAG mill motor at Cadia, the completion of the rebricking of Autoclave 4 at Lihir and other planned maintenance shutdowns across the group, which is consistent with prior years," said Chief Executive Sandeep Biswas.

With volumes weaker, Newcrest's costs rose. The mining company reported a first-quarter all-in sustaining cost of $1,270 an ounce versus $799 an ounce in the preceding quarter.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

10-27-21 1756ET

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Company Profile

Newcrest Mining Limited is an Australia-based mining company. The Company's principal activities are exploration, mine development, mine operations and the sale of gold and gold/copper concentrate. The Company owns and operates a portfolio of brownfields and greenfields exploration projects. The Company's assets include Brucejack, Cadia, Havieron, Lihir, Red Chris, Telfer and Wafi-Golpu. The Brucejack asset is located approximately 950 kilometers (km) from Vancouver, Canada. The Cadia asset is located approximately 25 km from Orange, New South Wales (NSW). The Havieron asset is located approximately 45 km east of Telfer. The Lihir asset is located on the Niolam Island, approximately 900 km from Port Moresby, Papua New Guinea (PNG). The Red Chris asset is located approximately 1,700 km from Vancouver, Canada. The Telfer asset is located approximately 400 km from Port Hedland, WA. The Wafi-Golpu asset is located approximately 65 km from the city of Lae, PNG.

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