PRECIOUS METALS

Newcrest cuts guidance, but has a win on costs

THE tailings dam wall slump at Cadia and underperformance at Telfer have led Newcrest Mining to cut its full-year production guidance.

Newcrest's Telfer operation

Newcrest's Telfer operation

March quarter gold production fell by 6% to 576,000 ounces, while copper output was down by 15.5% to 19,000 tonnes. Year-to-date production was 1.71 million ounces of gold and 57,864t of copper, down...

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