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 > Anybody else notice this?

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Comment by tschauseppon Jul 24, 2021 2:39pm

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Post# 33601105

RE:RE:RE:RE:RE:RE:RE:Anybody else notice this?

Today's valution is more likely based on the current reserves than cashflow. As of Jan 1, 2021 there were reserves of 3.2 million oz and the reserves are decreasing really fast. With the ongoing operation there is less than 3 million oz in reserves today, or less than 9 years. We must wait for the updated reserves and LOM in Q1/Q2 22. RBC sees this coming update as a risk. In my opinion, the unrealistic analyst expectation is the real risk. What does Mr. Market expect from the updated mineral resources and reserves and revised LOM plan?

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