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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

Bullboard Posts
Comment by miningmanon Dec 14, 2013 1:05pm
324 Views
Post# 22006374

RE:Bulk Sample Notes

RE:Bulk Sample NotesBetter recovery by gravity methods is a major plus. Gravity methods recover the gold that exists as "pure" gold and is typically melted at site into 800-1000 ounce bars prior to shipping for further refining. I would expect the silver to be the major contaminant with the bars being perhaps 60-80% gold. All gold mines pull off as much gravity gold as they can before further processing. Unless cyanide is then used, all other methods recover the gold as a concentrate. Typically the gold is tied up with arsenic or other minerals that makes the gold irrecoverable by either gravity or cyanide. The major downside here is that the con typically only assays 4-8 ounces per ton. So yes you've eliminated 90% of the waste but the con has to be shipped to a specialist smelter....... the nearest I am aware of is in Nevada, so you get all the extra trucking costs , and typically the smelter only pays for something like 80% of the contained gold,
Bullboard Posts