Newcrest reaffirms production guidance

Gold miner's Q3 output misses forecasts, Sandeep Biswas to take over from CEO Greg Robinson on July 4.

Gold miner Newcrest Mining (NCM) has reaffirmed full-year production guidance for both gold and copper after gold production in the March quarter missed expectations.

Gold production rose 7% in the third quarter to 551,590 ounces, compared with 514,421 ounces in the March 2013 quarter.

Analysts surveyed by Bloomberg had expected gold production of 569,260 ounces in the quarter.

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