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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
Post by Qbar82dvon Aug 18, 2015 3:10am
164 Views
Post# 24026787

How about the big one?

How about the big one?It has been mentioned here. Snowfield deposit.
The Brucejack is big and will get bigger with high profits for years. Aprox 1/2 capex of snowfield IMO.
Just look at the numbers. Not mentioned is the strip ratio of Snowfield which will likely come in around 3 truckloads of ore and 1 of waste.
That's one big mine alongside the much bigger KMS deposit of Seabridge. (The following on PVG website)

February 2011 Resource Estimate

An updated resource estimate incorporating the 17,976 meters of 2010 drilling conducted by Silver Standard Resources Inc. has been completed (see news release dated February 23, 2011). The gold resource at Snowfield now comprises 25.9 million ounces of measured and indicated gold resources and 9.0 million ounces of inferred resources at a cut-off grade of 0.30 grams of gold-equivalent per tonne. Mineral resources also include silver resources of 75.8 million ounces measured and indicated and 51.0 million ounces of inferred; copper resources of 2.98 billion pounds of measured and indicated and 1.10 billion pounds of inferred; molybdenum resources of 258.3 million pounds of measured and indicated and 127.7 million pounds inferred; and rhenium resources of 22.5 million ounces of measured and indicated and 11.5 million ounces of inferred.

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