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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 miningmanon Nov 02, 2019 12:46pm
218 Views
Post# 30301055

Next years ounces

Next years ounces  Take   a look  at the results for the first 3  quarters of this year.  I'ts been an  almost  constant  90,000  ounces per Q,   with a head grade of   an  almost constant   9 grams per toone,  and 33-3500   tpd  pushed thru the mill.

So for simplicity,   we  can  expect   10,000   ounces per quarter per  gram of head grade

  Q4  wil likely be similiar....there are   no  gravy  stopes to   drag up the average mill head.   So barring a sudden increase in tonnage towards 3800  tpd   and    an anticipated drop in grafde towards   7 or 8  grams,   we MIGHT   get  320,000   ounces next year.

Yes  3800  tpd would be an  additional   10%   but  increasing tonnage in ANY  gold  mine tends to drop the mined grade
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