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Newcrest Mining Limited - Quarterly Report For The Three Months Eended 30 June 2013

Guidance

Newcrest's 2013 financial year gold production of 2.11 million ounces was within the 2.00 to 2.15 million ounces range announced to the market on 28 March 2013.  Full year copper production of 80,366 tonnes was within the original guidance of 75 to 85 thousand tonnes.  Total site costs # of A$2.43 billion were within the original aggregate guidance range of A$2.34 to A$2.47 billion, and expected total capital expenditure for the 2013 financial year remains within the original guidance range of A$1.8 to A$2.0 billion.

As announced on 7 June 2013, gold production for the 2014 financial year is expected to be 2.0 to 2.3 million ounces, with capital expenditure around A$1 billion and exploration expenditure around A$85 million.  Copper production for the 2014 financial year is expected to be 75 to 85 thousand tonnes.  The first quarter gold production for financial year 2014 is expected to be lower than the June 2013 quarter, with production expected

to progressively increase over the course of the financial year.  Production and costs will continue to be actively managed to target a free cash flow neutral or positive outcome for the Company for the 2014 financial year.

Key Points

  • Quarterly gold production 642,032oz (a 25% increase on 514,421oz in the March 2013 quarter)
  • Quarterly copper production 22,818t (a 20% increase on 19,023t in the March 2013 quarter)
  • Quarterly cash cost A$762/oz ( A$799/oz in the March 2013 quarter)
  • Quarterly gross cash margin A$672/oz ( A$785/oz in the March 2013 quarter)
  • Quarterly total cost of A$1,069/oz ( A$1,086/oz in the March 2013 quarter)
  • Cadia East Panel Cave 1 and Lihir plant expansion production performance in line with Company expectations
  • Cadia East Panel Cave 2 development on schedule
  • New Lihir flotation plant and NCA circuit both completed and in commissioning
  • Hidden Valley crusher at the front of the overland conveyor in commissioning

Forward Looking Statements

These materials include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "continue", and "guidance", or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.

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