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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 armchairanlyst2on Mar 02, 2019 1:18am
169 Views
Post# 29432398

Damn...hate when I am correct...Sh / dividends xt yr

Damn...hate when I am correct...Sh / dividends xt yrI could not reconcile org. "armchairanalyst" ...with Stockhouse....so Viola armchairanalyst2 https://www.stockwatch.com/News/Item.aspx?bid=U-z7503852-U%3aPVG-20190214&symbol=PVG®ion=U Debt and Debt Reduction On December 18, 2018, the Company completed a $480.0 million senior secured loan facility with a syndicate of financial institutions to refinance the existing construction credit facility. The loan facility is comprised of a $250.0 million senior secured amortizing non-revolving credit facility and a $230.0 million senior secured revolving credit facility. In December 2018 we reduced our total debt by approximately $180 million and substantially reduced our cost of debt. The Company is targeting debt reduction of approximately $140 million from operating cash flow during 2019, based on a gold price of $1,250 per ounce and a USD:CAD exchange rate of 0.78. Under the senior secured loan facility, up to $40 million is available annually, commencing in 2020, to repurchase shares or dividends, subject to compliance with certain financial covenants. Great Great Hunting Mike
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