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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 miningmanon May 10, 2018 7:28pm
249 Views
Post# 28015317

RE:RE:News out

RE:RE:News outSo..........  in round numbers,   in order to get  1H  AISC  costs down  below  the high end of guidance of  $900,   Q2 AISC  will have to come in at  $800   or less.........  say a 20%  reduction  on Q1.    Assume milled tonnes remain constant ,  and as a   grossly simplistic   extrapolation ,  assume that  the  extra ounces come from improving  grade ,  then we need   9.1  x    1.2  or 11 grams as a head grade for Q2.   Not an unreasonable   target  given  values reported for March. If April's  numbers support the trend ,  there is hope yet,  but look out below  if  comments tomorrow do not support Mr.  O's  comments on the grade control system
Bullboard Posts