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Newcrest Annual Profit Jumps 80% on Higher Metal Prices morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Provided by Dow Jones By Rhiannon Hoyle SYDNEY Newcrest Mining Ltd. said its annual gold output fell on year, but was in line with the company s forecasts. The Australia-based mining company also reiterated a seismic event at its Cadia mine shouldn t dent this fiscal year s outlook, but said there s a risk of Covid-19 impacting output at its Lihir operation. Newcrest produced 2.093 million troy ounces of gold in the 12 months through June, down from 2.171 million ounces a year earlier. Output was within a guidance range of 1.950 million-2.150 million ounces. Newcrest said fourth-quarter gold output was up 6% on the third quarter because of a strong performance from its Cadia and Telfer operations in Australia. ....