Newcrest hits production targets

Gold major Newcrest Mining has hit its full year production target, with the company reporting a 7% increase in production in the June quarter, compared with the previous period.

Gold production in the full year reached 2.17-million ounces, which was slightly below the 2.48-million ounces produced in the previous financial year, while copper production increased from 105 867 t to 137 623 t in the same period.