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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
Post by exetarianon Mar 11, 2018 8:10am
207 Views
Post# 27698639

Conf Call Transcript - December

Conf Call Transcript - December
Joseph Ovsenek

For the fourth quarter we were on track to equal or exceed third quarter production, until late in the fourth quarter when we experienced operational setbacks which resulted in lower than planned gold production for Q4.

In December, two high-grade stopes slated to come online during the month did not make it to the mill. Both of our long-hole drills went down, and we couldn't get one of the stopes drilled off in time to impact our Q4 production. The second high-grade stope was drilled off and ready to go, but the slot hung up after blasting, and it was well into Q1 '18 before it could be rehabilitated.

During December Pretium issued two separated PR:

Regional Exploration Update on December 5, 2017

Application to increase production to 3800 tonnes per day on December 21, 2017

Not a single word about the "setbacks" they were experiencing!!

Bullboard Posts