Newmont reports preliminary Q3 attributable gold production 1.28M oz

theflyonthewall.com

Newmont Mining reported preliminary third quarter attributable gold and copper production of 1.28M ounces and 34M pounds, respectively. Preliminary attributable gold and copper sales were 1.26M ounces and 35M pounds, respectively. Q3 production was positively impacted by increased mill throughput in Nevada and higher grades and increased mining productivity as a result of efficiency improvements at Tanami in Australia. The company continues to expect FY13 attributable gold production of 4.8M–5.1M ounces and has revised its attributable copper production outlook to 135M–145M pounds from 150M–170M pounds. Gold production is expected to benefit from increased mill throughput in Nevada and the commencement of commercial production from Akyem in Q4. Attributable copper production for the year has been revised due to lower than expected mill throughput at Boddington and lower than expected ore grade processed at Batu Hijau.

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