Newcrest Quarterly Gold Output Falls 13% on Heavy Rain

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.

Click here to read the full Bloomberg report.