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.

ASX:NCM - Post by User

Newcrest Mining Ltd > More than half a billion USD market cap. wiped out

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Comment by Wuggyon Nov 01, 2019 10:47pm

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Post# 30300284

RE:More than half a billion USD market cap. wiped out

Gross overreaction. We're basically back where we were in early June, just because the ounces were off by what boils down in the long term to a rounding error.
On the positive side, the shorts should be finished the orgasmic stage of this selloff, so the shares can rebuild a new head of steam in the weeks ahead.

All else being equal, I'm looking forward to approx CAD$20/sh by end Q1.

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