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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

Post by petersburggrayon Aug 06, 2021 7:47am
241 Views
Post# 33662417

Building out long

Building out longposition in PVG, nibbling daily. Recent bonanza grade gold finds at Brucejack are close to existing underground infrastructure so can be brought into production quickly and inexpensively...within 6 to 9 months this bonanza grade gold should start being run through the mill and at that point gold production will leap, AISC will tumble, profits will ramp and market will really take notice. At Fosterville KL showed bonanza grade drill results, so as investor you knew what future held, but KL stock price didn't react until increased gold sales hit bottom line. I also like that PVG be debt free in less than a year.
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