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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 Nov 03, 2017 4:18am
351 Views
Post# 26898934

RE:RE:RE:Grassroots exploration results

RE:RE:RE:Grassroots exploration resultsThe $5 million was raised through  a flow through share offering . It does add a bit of dilution but allows the company to explore away from the producing side. I think this use of funds is relective of Quartermain's  penchant to keep on exploring as the drill bit is the best way to add value to an exploration company. The amount being spent is not really a large number and when Brucejack gets really humming there will be enough cash to reduce or eliminate the need to go outside for exploration dollars. 
Bullboard Posts