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 Mining : Gold Output Up; Pandemic-Related Costs Higher Than Expected

January 27, 2021 at 05:11 pm EST

By Rhiannon Hoyle

SYDNEY--Newcrest Mining Ltd. recorded a 6.4% increase in quarterly gold production and said it expects the cost of pandemic-related measures to be higher than earlier anticipated.

The Australia-based mining company said gold output totaled 535,477 troy ounces in the three months through December, up from 503,089 ounces in the quarter immediately prior. Copper output totaled 34,557 metric tons, down from 34,763 tons in the previous quarter, it said.

Newcrest is Australia's biggest gold miner by market value and one of the world's largest gold-producing companies.

The miner said it expects to record costs associated with managing the Covid-19 pandemic totaling roughly $30 million for the six months through December. It revised higher an earlier annual projection to $60-$70 million, from $30-$40 million, citing more extensive testing, longer quarantining periods, roster and other labor costs, and other preventative measures.

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

(END) Dow Jones Newswires

01-27-21 1711ET

Latest news about Newcrest Mining

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Newmont Corporation completed the acquisition of Newcrest Mining Limited from State Street Corporation, BlackRock, Inc., The Vanguard Group, Inc., Allan Gray Australia Pty Ltd. and others.	23-10-17	CI
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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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