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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 Sep 26, 2018 5:43pm
102 Views
Post# 28696699

RE:RE:Q3 grade forecast???????

RE:RE:Q3 grade forecast??????? Realnews,  I am most certainly not their accontant  and I dont doubt for a minute that the intention is to buyout the streaming deal on DEc 31st.   But  Q2  results were excellent   and it now does not appear that they will be repeated in Q3.  Ever since the stream  repurchase was announced.  I   had assumed that  some more debt was going to be necessary.   Equity   dilution does not appear necessary .   Cash increased by  86 million in H1,   If my grade estimates are anywhere close,  they are not going to have the 90  million plus that you correctly allude to.  Also remember they need   $25 million +  for the mill expansion so I cant see running cash reserves down to   zero  at year end.

Site costs are not dropping....... increased   development costs   will continue into 2020  at least.   At the present time ,  thtree new stopes are needed  just to maintain todays production rates.  And POG is not helping.
Bullboard Posts