Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Newcrest Mining Ltd NCMGF


Primary Symbol: A.NCM

Newcrest Mining Limited is an Australia-based mining company. The Company's principal activities are exploration, mine development, mine operations and the sale of gold and gold/copper concentrate. The Company owns and operates a portfolio of brownfields and greenfields exploration projects. The Company’s assets include Brucejack, Cadia, Havieron, Lihir, Red Chris, Telfer and Wafi-Golpu. The Brucejack asset is located approximately 950 kilometers (km) from Vancouver, Canada. The Cadia asset is located approximately 25 km from Orange, New South Wales (NSW). The Havieron asset is located approximately 45 km east of Telfer. The Lihir asset is located on the Niolam Island, approximately 900 km from Port Moresby, Papua New Guinea (PNG). The Red Chris asset is located approximately 1,700 km from Vancouver, Canada. The Telfer asset is located approximately 400 km from Port Hedland, WA. The Wafi-Golpu asset is located approximately 65 km from the city of Lae, PNG.


ASX:NCM - Post by User

Post by miningmanon Mar 25, 2020 8:07pm
148 Views
Post# 30847634

All this angst about shortage of bars,

All this angst about shortage of bars, and  disrepancies on  spot  prices  etc,  will likely  have  zero  effect  on  PVG  revenues.   Existing   contracts almost  certainly  make reference to  settlement  prices  as being a function of  POG  on the LME.    Kitco  prices  tend  to follow   LME prices.  If  one or two retail  customers  are willing to pay  a $100  premium  to get his  bars,  good  luck  to him  but but  his purchases are not  likely  to affect LME  settlement  prices.   And  lets  face it ,  100,000  ounces  of sales, possibly  moved away  from existing  contracts  just to get slightly  better terms today....... how will that affect  the terms of new contracts  in a few months....... I would suggest  not positively
<< Previous
Bullboard Posts
Next >>