Newcrest maintains production forecast

Newcrest Mining (NCM) has reaffirmed its guidance for gold and copper production.

In a statement to the Australian Securities Exchange, the miner said it expects gold production to be around the top end of its guidance range, or 2.3 million ounces, subject to market and operating conditions.

In October, Newcrest also reiterated guidance of two million to 2.3 million ounces of gold and 75,000 to 85,000 tonnes of copper in the full year.

The miner said its production for the December 2013 quarter was 621,125 ounces of gold and 22,603 tonnes of copper, adding this reflected "strong production performance" during the first half of fiscal 2014.