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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

Comment by sailor8on Jul 21, 2020 12:10pm
93 Views
Post# 31296649

RE:RE:RE:blast off

RE:RE:RE:blast off Of course the 2011 USD 4 mill should be now much more. But it is not so much, that we could not be able to do so (let us see the Q2 / H1 results). It would be the next step to target an official "Pre Feasability Study" for Snowfield. A bankable one.

Seems to me, that in 2010 / 2011 it was yet undecided if Pretium starts with Brucejack high grade underground or with low grade big bulk open pit at Snowfield. I guess that these low prices for gold and silver were the main reason to decide for Brucejack at that time and to focus after this decision strictly on Brucejack.

Looking back this was the right decision and we have to be thankful for it to the old guard at Pretium!

Bank loans where granted only under the condition, that all money goes into development of Brucejack and this worked so far fine.

With the kind of price explosion for gold & silver, we have now a complete other situation than in 2011. 

I hope and think, that the high prices for gold & silver in this year bring us so much cash inflow, that we can  -beyond old loan obligations - do further explorations at "Snowfield" and the "A6" zone now !

It is a dream situation for a big open pit project as we now have high gold and silver prices plus clean hydroelectric power supply so near by !!

Let us do right steps at the right times.


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