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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 miningmanon Sep 28, 2018 3:14pm
935 Views
Post# 28711477

Mined stopes.. trying again

Mined stopes.. trying againMost of this presentatuion is old news ;But page 11 is definitely interesting IMO. Gold production over  the last 12 months has been reconfimed at 335,000 ounces and it now appears that 27 stopes have been mined out to produce these ounces.This implies an average production per stope of 12,400 ounces This is considerably lower than I would have expectred  but it is what it is. Unless more productive stopes are identified and accessed,,this implies a minimum of  8 stopes being mined out every quarter to maintain present guidance. This is not contradicted by  management.s previously stated intention to have 12+ production  stopes available to miners at all times. It also speaks as to why 800 meters of development are required to keep up.  

Mill thruput of 3700 tpd will put a lot of additional pressure on  mining crews who wil need more equipment,more definition drilling,  more, camp space etc etc  to keep their heads above water

Bullboard Posts