Newcrest Mining posts 16% fall in gold
Newcrest Mining Ltd posted a 16 per cent fall in second-quarter gold output on Thursday, hit by several shutdowns at its Lihir mine in Papua New Guinea.
Australia's biggest independent gold miner said total gold production fell to 551,115 ounces in the three months ended December 31, from 654,849 ounces a year earlier.
This compares to an estimate of 616,000 ounces from brokerage UBS.
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