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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 Jan 23, 2018 1:22pm
228 Views
Post# 27417127

RE:RE:Blending the low grade stope

RE:RE:Blending the low grade stope
I fail to see how they will go into a negative working cash position. I agree that the take every ton of gold bearing material will for the most part have less than stellar results but I believe that there is at least one pony in the manure pile and whenever we hit that stope there will be a significant opportunity to dance for a bit. I hope the bonanza stopes are frequent enough to bounce the average grade for the quarter to something close to the FS numbers. I appreciate miningmans interprtation of the need to provide tons to feed the mill required charging off into stopes that were not properly delinated as to grade but were just available at the time when the push was on. Don't frorget that the mining is being done by a contractor and it would not surprise me if a lot of barren development material ended up in the ore rather than the waste pile.
Bullboard Posts