Newcrest Mining Reports Gold Output Dip Amid $29 Billion Takeover Consideration by Newmont Mining
Newcrest Mining Reports Gold Output Dip Amid $29 Billion Takeover Consideration by Newmont Mining Australia's largest gold miner, Newcrest Mining (ASX: NCM), reported a dip in gold production in Q3 compared to Q2. The company anticipates a recovery in the April-June period and expects to meet its full-year guidance. Amid this announcement, Newcrest has opened its data room to Newmont Mining, which has offered a $29.4b bid for the company. Newcrest's interim chief executive officer Sherry Duhe remains optimistic about the future, citing robust gold and copper pricing, favourable exchange rates, and production growth as factors driving improved performance in the final quarter of the fiscal year. Gold and Copper Production Outlook Ms Duhe announced that gold and copper production...