Newcrest Quarterly Gold Output Falls 13% on Heavy Rain
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Newcrest Mining Ltd., Australia’s largest gold mining company, reported first-quarter gold output fell 13 percent after a maintenance shutdown and heavy rain.
Production was 587,296 ounces in the three months ended Sept. 30, compared with 674,219 ounces a year ago, the Melbourne-based company said today in a statement. Royal Bank of Scotland Group Plc forecast 589,000 ounces.