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 > Reserve Downgrade

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Post by Ht7d45hon Feb 13, 2020 1:42pm

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Post# 30686974

Reserve Downgrade

NGD reserves just got downgraded and as low as its share price has been, it's down 12% on the downgrade.

PVG reserve downgrade will not be pretty. LOM too, but Debt remains and unless they
find another Cleopatra vein by accident soon, those interest payments wil eat up whatever
they can mine. It will not be something the institutions will want to hold onto and wait to see what
happens.

Don't wait to revisit the Strathcona lows... Get out NOW!

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