![]() ![]() ![]() This loss in production was offset by improvements at the Lihir and Red Chris mines, where gold output increased by 14% and 43%, respectively. ![]() The figure missed the UBS estimate of 562,000 tonnes gold output for the period.Ĭadia’s lower production in the quarter was in line with the company’s expectations and reflects planned maintenance shuts of both concentrators and lower grade ore feed to the mill, while production at Telfer was 6% lower than the prior quarter due to a reduction in underground ore mill feed. The Australian miner said total gold production fell to 518,770 ounces in the three months ended March 31, from 623,124 ounces a year earlier. Newcrest Mining (ASX: NCM) on Thursday reported a nearly 17% fall in third-quarter gold production, hurt by lower output at its Cadia and Telfer mines and divestment of its Indonesian mine during the three-month period. ![]()
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