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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 Realnewson Nov 06, 2020 9:24am
260 Views
Post# 31850513

Streamlining Management?

Streamlining Management?Only a couple of ways to look at this so called streamlining of Management, which first off I’m not big into speculating unreasonable real reasons without some proof but this seems to be a growing trend with this company.  Most people in high and well compensated positions don’t leave a company unless  one of the following is in play: 1)  New management doesn’t  work well with old management and they were asked to leave graciously,  2) Old management’s positions are becoming obsolete which in this case these were based on business development which may not be needed anymore with a possible buyout or merger in play which only insiders would know, 3) Old management leaves  because it appears this company is a sinking ship which this is probably the most unlikely scenario but is always possible, 4) Old management was offered a new position from another  company(I doubt too) and lastly 5) Possibly, really trying to reduce G/A  costs by eliminating redundant positions.

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