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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

Comment by Realnewson Feb 10, 2020 8:30am
88 Views
Post# 30666591

RE:RE:Not a good time to be long ANY gold miner

RE:RE:Not a good time to be long ANY gold miner
Just an observation based on market action the last couple of weeks I would have to agree with both Blue Line analysts and Seeking Alpha(which I consider a horrible source except for old news). In this Risk Off environment, investors are parking their money not only into the typical places such as treasury bonds but also into gold futures, which in this case doesn't naturally mean miners will benefit. Unfortunately this appears to be a short term parking of money a risk off approach until this Coronavirus issue resolves itself without miner participation. Then risk- on, back to the Meltup show in the equity markets. I wish it would appear differently but the current trend says otherwise.
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