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

Bullboard Posts

Post by VOKBLVRon Aug 23, 2016 11:41am

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Post# 25167825

Current Gold price and Pretiums FS

We are now less than a year from production and our margins (based on the FS and todays gold price of $1345 and a $cdn of $.77 US) gives us about $1,300 per ounce or CDN $650 million in profit margin. In the first 12 months of production this is abut US$500 miliion or $2.65 per share.
I have a tough time understanding the current share price drop as construction advances, risk decreases and gold price seems to be fairly stable at about $1330 or better. Does anyone have an explanation or some news to make some sense of the current malaise in the stock price?

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