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Newcrest Quarterly Gold Output Falls 13% on Heavy Rain
Oct. 20, 2011 05:12PM PST
Precious Metals InvestingBloomberg reported that heavy rain and temporary shutdowns caused Newcrest Mining’s (ASX:NCM) gold output to decline 13%.
Bloomberg reported that heavy rain and temporary shutdowns caused Newcrest Mining’s (ASX:NCM) gold output to decline 13%.
As quoted in the market news:
Production was 587,296 ounces in the three months ended Sept. 30, compared with 674,219 ounces a year ago, the Melbourne-based company said today in a statement. Royal Bank of Scotland Group Plc forecast 589,000 ounces.
