Record December quarter performance at Cadia

NEWCREST Mining has increased December quarter gold and copper production by 17.2 per cent and 33.8 per cent respectively on the prior quarter.

Group AISC per ounce dropped $69 per ounce to $829/oz compared to the prior quarter, with Cadia achieved a record low AISC of $129/oz for the quarter.

Group AISC per ounce margin also increased by 13.1 per cent to $459/oz for the quarter.

Chief Executive Officer Sandeep Biswas said Newcrest remained on track for production from continuing operations to be stronger in the second half of FY18, with FY guidance remaining unchanged.