Newcrest Mining Ltd NCMGF

Primary Symbol: A.NCM

Metals & Mining Gold

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.

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Newcrest Mining Ltd

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Post by taylor1988on May 23, 2012 5:01pm

341 Views

Post# 19939420

Hmm

I see it as a chance to bail on the gold majors while gold is breaking long term support. I could be wrong but if gold does not get back above $1,600 in the coming weeks I have very little confidence in the sector.

Time will tell but I would be very surprised to see equities rallying in a sector that's falling with its underlying commodity. If gold can stabilize and get back above $1,600 I could change my mind but for now I don't like gold stocks

Bullboard Posts

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