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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Post by Smittleon Apr 13, 2018 8:55am

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Post# 27878259

Why Pretium Resources Inc (NYSE: PVG) stock is going gangbus

Why Pretium Resources Inc (NYSE: PVG) stock is going gangbusters today

Swapna Meka

April 11, 2018, 5:32 pm

Pretium Resources Inc (NYSE: PVG) stock surged over 17.9% on April 11^th, 2018 (as of 12:22 PM GMT-4; Source: Google finance) driven by their Brucejack Mine production update.

For the First Quarter of 2018, the mine produced 75,689 ounces of gold with 96.8% gold recovery rate. They have milled 261,443 tonnes of ore and 2,905 tonnes per day. They delivered 10.9 grams per tonne gold mill feed grade for March with an average 9.1 grams per tonne gold mill feed grade for the quarter.

The group reported a ready Gold production through the first quarter, with 32,910 ounces produced in March. The group’s successful implementation of a number of operational improvement initiatives. Their grade control program has now been fully integrated into their mining process and the rate of underground development has enhanced to offer for further stopes in their inventory. The group focused on an ongoing to enhance grade to the mill in Q2, while they are on remain on track to deliver on their first half of 2018 production guidance of 150,000 to 200,000 ounces of gold at AISC of $900-$700 per ounce of gold. They are building on their healthy cash position, and expect to achieve steady-state production by mid-to-late 2018

The grade control program is a data-driven and iterative process that is being used to optimize stope shapes leading to a reduced dilution and optimized grade to the mill. The program comprises drilling, sampling and local modeling with a better short-term grade prediction. March production results reflect the first impact of grade control integrated into the mining process during the month. In the second quarter, the gold production results are forecast to continue to a better with the full integration of the grade control program.

The absence of operational grade control and limited stope optionality contributed to low gold production for the month of January. The Gold production has subsequently rose mainly in February with stopes planned for the fourth quarter 2017 and other higher-grade stopes coming online.

https://fxdailyreport.com/pretium-resources-inc-nyse-pvg-stock-going-gangbusters-today/