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 > Cots - Commercials still about 30 million ozs short

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Comment by marnesueon Mar 28, 2020 11:33am

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Post# 30855845

RE:RE:Cots - Commercials still about 30 million ozs short

30 million oz. is chump change? The annual world production is only about 100 million oz. and two of the largest producers (China and Russia) are hoarding their gold. Furthermore were talking about people who have shorted 30 million oz. in the paper market when the physical gold supplyy is practicall non-existant.

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