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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 VOKBLVRon May 02, 2017 1:22am
381 Views
Post# 26190551

RE:NEWS- Commissioning Underway at Brucejack

RE:NEWS- Commissioning Underway at Brucejack185,000 tons of ore available for mill feed. If they process lowest grade first while commisssioning then I believe this would raise the grade of the remaining material. I cannot see them running barren material as the process could not be tested. This bodes well for the grade to be announced when the mill is started as an operating entity. I am still optimistic as to the mill being able to process and the mine producing above average grade ores for the first couple of years which should silence the critics and  quickly get the operation on a sound financial basis.  Cannot wait for the next news release confirming start up and first Dore and concentrate shipments from site to Stewart.. Because this is an underground mine there should be little unexpected processing problems as oxidation should not be a problem. If the grade control is as predicted then dilution should also be as expected. from the initial test mining in 2014. Optimistic with fingers crossed.
Bullboard Posts