Newcrest Reduces 2011 Gold Production Guidance

IBTimes reported that Newcrest Mining (ASX:NCM) slashed its 2011 gold output forecast, citing lower production.

As quoted in the market news:

The revised guidance range is around 6 percent below the original minimum guidance level and includes expected gold production of 575,000 ounces to 585,000 ounces for the December 2011 quarter, Newcrest said in a statement.

Click here to read the full IBTimes report.