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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 VOKBLVRon Nov 10, 2018 3:40pm
148 Views
Post# 28955501

RE:Food for thought from numerous sources.

RE:Food for thought from numerous sources. Thanks for the link to Angry Geologist. Good questions without drawing a conclusion. I guess we will have to wait and see. By the way-the third quarter comparison to the 2017 quarter was deliberate-Not lying but presenting a comparison that was no where near as relevant as comparing quarter 2, 2018 to quarter 3, 2018. I was surprised by the reaction of the analysts as the question did not come up in the Q&A session. With the upcoming shift to 3800 T/D from the nominal 2700 we should get more gold at lower unit cost even if the grade is less than the supposed mine average as per the FS. I hope the infill drilling to the east brings good numbers as we will need them to extend the mine life especially if we have to revise the reserve numbers downward due to the current results. The mine is making miney, but not quite as much as we hoped for but the AISC seems better than most of the peers. It would be exciting if this years grass roots results point to an additional prospect with mine making potential. I am still hopeful that the 4th quarter will do what was promised as to ounces which to my mind is the principlel target..
Bullboard Posts