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

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Comment by dubiousoneon Jan 14, 2018 6:26pm

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Post# 27354751

RE:RE:RE:Concentrate processing

I’m also surprised by Asia but it’s make sense if more cost effective and closer to end buyer...
the lag time is interesting, same slide says 20T per container. If they ship every time a container is full, 55% concentrate takes 14 days to fill @ 2700 TPD, 20 day shipping(?), 30 day payment terms so 2 months between pulling out of ground and payment.

27k unsold must be partially due to this lag so 1/3 of production delayed but no biggy once they get steady production.

I’m expecting -110,000 ounces sold in Q4 based on back of envelope math and by the time they report they should have sense of first 2 months production + prior unsold.

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