{"id":12801,"date":"2012-07-26T13:33:50","date_gmt":"2012-07-26T11:33:50","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/australias-newcrest-says-q4-gold-output-drops-16-pct\/"},"modified":"2012-07-26T13:33:50","modified_gmt":"2012-07-26T11:33:50","slug":"australias-newcrest-says-q4-gold-output-drops-16-pct","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/australias-newcrest-says-q4-gold-output-drops-16-pct\/","title":{"rendered":"Australia&#8217;s Newcrest says Q4 gold output drops 16 pct"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">SYDNEY, July 26<\/span> (Reuters) &#8211; Newcrest Mining, the<br \/>\nworld&#8217;s No.3 gold producer, on Thursday met its revised<br \/>\nfull-year production guidance, which was lowered in April after<br \/>\nthe company said it was struggling to meet targets.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Newcrest said cash margins remained strong at A$970<br \/>\n($1,000)per ounce and cash costs were slightly below its<br \/>\nguidance.<\/p>\n<p><span><\/span><\/p>\n<p>For the June quarter, Newcrest reported a 16 percent fall in<br \/>\nproduction to 587,310 ounces of gold, taking fiscal 2012 output<br \/>\nto 2.286 million ounces.<\/p>\n<p><span><\/span><\/p>\n<p>Output of 163,059 ounces from its flagship Lihir mine in<br \/>\nPapua New Guinea was near the middle of company guidance of<br \/>\n150,000-180,000 ounces for the June quarter.<\/p>\n<p><span><\/span><\/p>\n<p>JP Morgan had forecast Newcrest would produce 2.29 million<br \/>\nounces for the year, with the Lihir mine yielding 152,000 ounces<br \/>\nin the June quarter.<br \/>\n ($1 = 0.9743 Australian dollars)<\/p>\n<p> (Reporting by James Regan; Editing by Richard Pullin)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SYDNEY, July 26 (Reuters) &#8211; Newcrest Mining, the world&#8217;s No.3 gold producer, on Thursday met its revised full-year production guidance, which was lowered in April after the company said it was struggling to meet targets. Newcrest said cash margins remained strong at A$970 ($1,000)per ounce and cash costs were slightly below its guidance. For the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-12801","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=12801"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12801\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}