Newcrest Mining Ltd NCMGF

Primary Symbol: A.NCM

Metals & Mining Gold

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.

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Newcrest Mining Ltd

Bullboard Posts

Post by cigarbuttson Jan 10, 2019 5:19pm

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Post# 29215213

From March 2018 Year End Press Release

Reconciliation of 2017 ramp-up production

"Grade reconciliation to the reserve model for the period August 1, 2017 to December 31, 2017 was approximately 75% to 80% and attributed to:

a) small sample of the production being analyzed
b) rudimentary grade control without grade control program operational
c) lack of drill density in a significant area of the contributing stopes

.......................as the grade control program becomes operational and the mining moves up from the 1200 meter level into areas with higher drill density, reconciliation is expected to be more robust."

So, looks like the missed again, heh.

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