CAPITAL MARKETS

Newcrest slashes guidance again

COST pressures, the strong Australian dollar, the skills shortage and production disruptions at the Lihir mine in Papua New Guinea and Cadia Valley in New South Wales have been blamed for another cut to Newcrest Mining’s production guidance for 2012 financial year.

MiningNews.Net

Newcrest slashes guidance again

Australia’s largest locally owned gold miner, which has been conducting a review into its operations, now expects gold production for the 12 month period to come in at 2.25-2.35 million ounces, down from...

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