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Newcrest Mining Q4 gold output climbs 4%, beats estimate

Reuters | July 24, 2019 | 3:46 pm News Top Companies Australia Gold 
Newcrest grabs majority stake in Canadian copper-gold mine for $806.5m
Red Chris mine, British Columbia. (Image courtesy of Newcrest Mining)

Gold miner Newcrest Mining Ltd said on Thursday its gold output rose 4.2% in the fourth quarter, as production at its Cadia and Lihir mines ramped up.

Australia’s largest listed gold miner said production for the June quarter rose to 661,414 ounces from 634,950 ounces reported last year. UBS had estimated gold production of 650,000 ounces for the latest period.

(By Rashmi Ashok; Editing by Bernard Orr)

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