Newcrest maintains outlook despite dip in production

Australian gold major Newcrest Mining has maintained its full year production guidance, despite reporting a slight drop in production for the three months to March.

Newcrest on Tuesday reported that gold production for the quarter was down 5% on the December quarter, from 654 849 oz to 623 124 oz, while copper production was down 6% from 26 847 t to 25 303 t.