11:39 AM EST - Newcrest Mining Limited : released its financial results for the six months ended December 31, 2012. Statutory profit of A$320 million was A$339 million lower than the corresponding prior period of A$659 million, primarily due to lower sales revenue resulting from lower gold production. Cash flow from operations of A$225 million for the period was also lower than the corresponding prior period primarily as a result of lower sales revenue. Gold sales volumes of 956,073 ounces were 22% lower than the corresponding prior period, while copper sales volumes were 7% lower. Gold production of 953,331 ounces was 18% lower than the corresponding prior period primarily as a result of processing lower grade ore at Cadia Valley and Gosowong, lower recoveries at Telfer, lower mill throughput at Lihir as a result of plant interruptions, and the exclusion of Cracow and Mt Rawdon following divestment in November 2011. Newcrest Mining Limited
shares T.NM are trading down $2.79 at $23.21.
