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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 Dec 17, 2018 10:02am
186 Views
Post# 29123193

RE:RE:sorry to disappoint the bears

RE:RE:sorry to disappoint the bearsThanks for the reprint of This Q&A answer. A 40% increase in mill throughput on a consistent basis is based on a much more difficult problem-getting the tonnage of average mine grade material to the mill. Ovseneks answer outlines the steps necessary and gives us an expected timeline for completion of  the project. It is comforting to have a mill that can proces the tonnage without major modification but the amount of both development work and definition drilling will probably result in somewhat higher rather than lower AISC. I am optimistic that the VOK resource estimate will have a larger inferred number as it means that for the minelife to be restored to 18 years there will need to be an extensive and ongoing diamond drill program. Overall this a great start to 2019 and with the world heading for a bit of a recession it can be expected that the price of gold will strengthen
and the revenues will look even better. 
Bullboard Posts