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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 westcoast2019on Jul 16, 2019 2:26pm
134 Views
Post# 29926113

RE:RE:RE:RE:Q2 Earnings Challenge

RE:RE:RE:RE:Q2 Earnings ChallengeVOKBLVR - (7/15/2019 11:54:10 PM) 
RE:RE:RE:Q2 Earnings Challenge
It appears that Westcoast is talking total revenue and miningman is talking earnings.  Actual earnings to my mind will be slightly high than the miningman estimate but that is primarily due to the increase in the price of gold. I too believe that cost per ounce will be higher for a time as the development program will result in extra development and abandonment of quite a bit of last years work which was based on crosscutting the orebody as opposed to linear drifting along strike.

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Yes sorry I meant revenue not earnings. So I guess my comparison to MM $36 million doesn't apply. We shall see if costs increase faster than increased gold price I don't think it will and of course I am thinking grade will be better as some higher grade material may be included with stockpiled lower grades thus bringing up the overall average grade from last Q.
Bullboard Posts