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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 Kewl002on Mar 09, 2018 1:04pm
155 Views
Post# 27692343

RE:Price of gold PVG realized for 4th quarter was 1211.00 oz.

RE:Price of gold PVG realized for 4th quarter was 1211.00 oz.This question was specifically addressed in the Q&A section of the conference call (available PVG Website) held this morning.

The price quoted of $1211/oz includes all TC&RC costs asociated with the gold sales (which they mentioned was in the $5.7M area). When these costs are included the CFO indicated that PVG realized spot price at the time of gold sale.

The caller commented that this methodology of quoting POG realized was different from other mining companies and the CFO confirmed same. Perhaps in future PR's they should spell this out more clearly to avoid confusion. 

ALSO -- if anyone knows that the accronym "TC&RC" stands for -- perhaps you could post same. I assume the "C's" stand for cost.
Bullboard Posts