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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 VOKBLVRon Aug 21, 2018 8:34pm
269 Views
Post# 28496553

Dividends?

Dividends?If the company is making money in excess of its requirements for a fiscal period then it is a board decision as to what to do with the surplus cash. There are lots of choices- buy back shares, pay down long term debt in advance (offer to purchase the term notes that will be needed to refinance the initial debt for construction). If the company returned 10% of the operating profit after taxes as dividends  and not be out of compliance with the terms of the long term notes then it would change the picture of the company from a speculative issue to something of an investment grade operation. Dome mines paid dividends for years with only one mine-so it is not out of the question.
Bullboard Posts