MELBOURNE, Australia, Jan. 15, 2014 /CNW/ - Newcrest Mining Limited (ASX: NCM)
Newcrest today announced production for the December 2013 quarter of 621,125 ounces of gold and 22,603 tonnes of copper, reflecting strong production performance during the first six months of the 2014 financial year.
Newcrest maintains its guidance for gold and copper production, with gold production expected to be around the top end of the guidance range (2.3 million ounces) subject to market and operating conditions1.
December 2013 quarter gold production by site:
|- Cadia Valley||151,305|
|- Hidden Valley (Newcrest's 50% share)||24,792|
The Company will release its December 2013 quarter results on 23 January 2014 and will provide further details at that time.
1 Forward Looking Statements
This release includes forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "continue", and "guidance", or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.
Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the company's actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.
Forward looking statements are based on the company and its management's good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the company's business and operations in the future. The company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the company's business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the company or management or beyond the company's control.
Although the company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in this release speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based
SOURCE Newcrest Mining Limited
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Newcrest Mining Limited - Newcrest production update
Jan 15, 2014, 10:15 EST