Gold mine’s out­put down

Townsville Bulletin - - NEWS -

NEWCREST Min­ing has posted a 2.4 per cent drop in full- year gold pro­duc­tion driven by lower out­put at its Ca­dia mine in NSW, which was shut af­ter an earth­quake in April.

Aus­tralia’s big­gest gold miner says gold pro­duc­tion in the year to June 30 fell to 2.38 mil­lion ounces, with its June quar­ter out­put sink­ing 7.8 per cent from the prior quar­ter, to 551,815 ounces.

Ca­dia – Newcrest’s big­gest and low­est- cost mine – was hit by a mag­ni­tude 4.3 earth­quake in cen­tral west NSW in early April, prompt­ing the sus­pen­sion of op­er­a­tions.

The com­pany says the sus­pen­sion of min­ing ac­tiv­i­ties at Ca­dia had re­sulted in June quar­ter gold pro­duc­tion at the mine more than halv­ing from the March quar­ter level, to 76,552 ounces.

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