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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 sailor8on Jun 11, 2020 11:22am
213 Views
Post# 31138670

PVG radio silence can be also a good sign

PVG radio silence can be also a good signSo many changes were done on top of Pretium. Please bear in mind Joe Ovsenek left Pretium officially just on 27th of April. Only since 30 th of April  Jacques Perron is our new CEO officially.

And with him there was also this very important change from 

Warwick Board, Vice President, Geology and Chief Geologist to:
Kenneth McNaughton became Vice President and Chief Exploration Officer.

Joe and Warwick (together with their overhead Bob Quartermain) were the ideal team for building up the Brucejack mine in "no where land" to a profitable mine with proven high free cash flow. This hard job is done now and they deserve honours for their success !

Besides the change of the title from Chief Geologist to Chief Exploration Officer all what I read about Kenneth seems to say that he is the specialist for our Snowfield and our Bowser Claims (including the highly interesting A6 zone).

The present radio silence from management in understandable in such circum stances. As an optimist I value it as good sign. May be they prepare bigger changes to let the world know about our hidden treasuries. Such changes would need a lot of work and time to be a solid ones.

Seems major changes are going on for financings and explorations at our higly prolific areas on our claims, while the solid cash flow from Brucejack will continue successfully. 

Of course like every gold miner did it since many decades: in times of high gold prices you mine the known lower grade parts of your mine and keep the known high grade parts untouched. Same is going on at Brucejack now. And right they do so. Imagine that we one time may turn to the higher grade areas while the price of gold is still high.

We should have a bright future with our company. O`Brien has the right connections to take care of that future.


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