Market backs Newcrest quarter

INCREASED gold production and reduced cash costs headlined a stellar quarter for Newcrest Mining, though the concentrate quality issue at its flagship Telfer mine continues to be an issue for the gold miner.

Market backs Newcrest quarter Market backs Newcrest quarter Market backs Newcrest quarter Market backs Newcrest quarter Market backs Newcrest quarter

Group gold production increased to 430,009 ounces in the December quarter, compared to 337,505oz in the previous quarter, while group cash costs were reduced to $A106 per ounce from $A212/oz.

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