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Newmont Mining Corporation Lowers High End Of Prior FY 2012 Gold Production; Lowers FY 2012 Copper Production


Thursday, 26 Jul 2012 05:36pm EDT 

Newmont Mining Corporation announced that for fiscal 2012, it expects attributable gold production to be in the range of 5.0 to 5.1 million ounces (from 5.0 to 5.2 million ounces), and narrowing its outlook on attributable copper production to 145 to 165 million pounds (from 150 to 170 million pounds). The lower attributable gold production outlook is due to lower tons mined at Tanami. The Company is maintaining its original outlook for gold and copper CAS of between $625 and $675 per ounce (on a co-product basis) and $1.80 and $2.20 per pound, respectively.