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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 miningmanon Dec 07, 2020 4:40pm
216 Views
Post# 32052421

RE:RE:RE:Breaking News

RE:RE:RE:Breaking NewsAnd therin lies the  major predicament!!!   Mill tonnage was increased rom  2700   to 3500/3800  tpd earlier this year.   No one really adressed the implied increase in  required drilling or development.  At   present mill rates ,  even  at 1000  meteres per month development  ,  heres only about six   or eight weeks  developed ore available at any one time.  Blackhawk  may chose to ignore these unpalletable facts  but  there is a physical limitation as to how much  muck  that can  be moved  thru the system  on  a  daily basis.

Perron  will do his best ,  but an outbreak of Covid ,  or   falling POG,  or ground control  problems ,  or falling mill heads may negate  his best efforts,   Remember ,  or reserves are around  8.8  grams but mill heads are consistenly around  8,4 grams.   That tells a story initself,  and I suspect that 8.4  will  not be achoied in Q4.
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