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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 29, 2018 1:40pm
190 Views
Post# 28714958

More mining considerations

More mining considerations  Lets say  10 stopes are available to production crews  at any one time.  Lets assume  that at any one time two of those stopes are on temporary hold because of low grade or operational difficulties.  Lets say one is in the proceess of being filled with paste fill and another is being prepped ready for fill. And lets say another is just in the process of being opened up with blasting the VR30 slot   and can provide  absolutely minimal tonnage for  a while.

So we have 5 active production stopes, each providing 400  tpd,  with another 700  tonnes coming from development muck.   Five  stopes should provide more than adequate ability to optimise the feed to the mill on a daily basis.

If we assume that  15%  of the last 12  months  milled tonnage came from development,  it implies each stope provides about 35,000   tonnes.   At  400 tonnes per day ,  this means a stope life of about 87 days   which corresponds well with previously identified need to have eight new stopes prepared ready for production every quarter.

None of the estimates / projections will be 100% accurate   but   unless management provides  some  more details ,  they  do provide  a general indication of underground activities.
Bullboard Posts