Gold miner Newcrest Mining has reported a 19% increase in gold production for the quarter ended December, while all-in sustaining costs (AISC) for the quarter fell by A$58/oz.
“Record production at Cadia and another sound performance from Lihir underpinned a strong start to the financial year, with a higher AISC margin than the same time last year despite lower gold and copper prices,” said Newcrest MD and CEO Sandeep Biswas.