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 > I think Joe will be on the hot seat tomorrow

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Comment by miningmanon Oct 31, 2019 12:46pm

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RE:RE:RE:RE:I think Joe will be on the hot seat tomorrow

OK Blackhawk, I'll play along. I'm guessing your $540 million is derived from 360,000 ounces at $1500 per ounce. Perhaps a bit optimistic but regardless. Overall mining/ operating costs are running at $275 per tonne. Lets say mill cant get passed 3500 tpd , so annual mine site costs are $350 million. Debt repayments are scheduled at $150- 180 million annually. Thenm theres all the head office costs, income taxes , and all the other miscellanous costs that get hidden in the financials.

All of a sudden things dont look so profitable do they ??. Your credibility here is really starting to suffer

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