NCM - Newcrest Mining

[Sean K]

I was over optimistic and wrong on NCM to deliver performance.
After seeing the Financials and CAPEX commitment published today, I am damn scared to see market reaction.
If there was no reaction and market already factored it as it was for EVN, and no change in leadership team ( one already left few months back) then I should keep my mouth shut.

I couldn't even find their AISC in the presentation. Just AISC margin at $502/oz. I assume that means if they were selling gold at $2500 their ASIC is $2000? These guys should be smashing it with AUD POG at recent prices.

 

[Miner]

I couldn't even find their AISC in the presentation. Just AISC margin at $502/oz. I assume that means if they were selling gold at $2500 their ASIC is $2000? These guys should be smashing it with AUD POG at recent prices.

I was so disappointed to admit my err in reliance on NCM, I deleted my post.
Yes AISC on the table published far down of the announcement result.
The cash flow is low profit but price rose.
I could not believe .

 

[Sean K]

I was so disappointed to admit my err in reliance on NCM, I deleted my post.
Yes AISC on the table published far down of the announcement result.
The cash flow is low profit but price rose.
I could not believe .

It's done an EVN.

I only looked at the presentation so missed the AISC. They're claiming group AISC of USD $1,194 or AUD $1662.

It's not a great sign when all the numbers on the right hand side of the financials are in brackets.

 

[Miner]

It's done an EVN.

I only looked at the presentation so missed the AISC. They're claiming group AISC of USD $1,194 or AUD $1662.

It's not a great sign when all the numbers on the right hand side of the financials are in brackets.

View attachment 137668

I saw brackets in red colour too.

 

[Miner]

Sharing two articles from AFR - shows success leading to arrogance leads to fall - pride must have fallen.

‘I’m sorry’: Newcrest CEO apologises for autocratic leadership

Sandeep Biswas is trying to build a more inclusive culture after a ‘cold shower’ of feedback, he tells The Australian Financial Review.

www.afr.com

 

[Garpal Gumnut]

Sharing two articles from AFR - shows success leading to arrogance leads to fall - pride must have fallen.

‘I’m sorry’: Newcrest CEO apologises for autocratic leadership

Sandeep Biswas is trying to build a more inclusive culture after a ‘cold shower’ of feedback, he tells The Australian Financial Review.

www.afr.com

To be fair to Sandeep Biswas, he has not been running an antiquarian bookshop where the worst that can happen is some old fart having a heart attack.

Some of the stories I have heard from powder monkeys of locals in PNG getting too close to becoming part of the tonnage are frightening.

Command and control seems to have taken a back seat to political correctness.

One can have good manners in a CAC environment.

Perhaps the ole Sandeep needed a Miss Manners immersion.

gg

 

[Sean K]

To be fair to Sandeep Biswas, he has not been running an antiquarian bookshop where the worst that can happen is some old fart having a heart attack.

Some of the stories I have heard from powder monkeys of locals in PNG getting too close to becoming part of the tonnage are frightening.

Command and control seems to have taken a back seat to political correctness.

One can have good manners in a CAC environment.

Perhaps the ole Sandeep needed a Miss Manners immersion.

gg

I’m surprised Lihir has been going as well as it has. They’re only one decent seismic event away from disaster.

 

[Sean K]

I'm overweight on gold (for a purpose) but if I was going to add NCM, it looks like it's breaking through a pretty significant resistance zone.

 

[finicky]

*were

 

[Sean K]

*were

Clearly broken out now.

 

[Garpal Gumnut]

Clearly broken out now.

View attachment 138680

The acquisition of Canadian Pretivm is cream on the cake for NCM and is now being digested by the market with the increase in POG.

I expect more long term reserves to be added.

gg

 

[rederob]

With POG heading decisively towards $2000 again, our big gold miners are in for bumper profits as we head towards the end of the financial year.
NCM has not been an investor favourite for the past 18 months, as shown below. I hope that changes.

 

[Sean K]

Curious that NCM didn't release a more detailed report on the Havieron upgrade by Greatland Gold and just this note that was not marked market sensitive. It seems like they don't want the punters to know how big that deposit is getting? Greatland announced a 2.1Moz AuEq increase! NCM have 70% of the JV...

 

[noirua]

*/
Greatland Gold LSE AIM: GGPare partners with Newcrest in Havieron - streamed on 5 June 2022.

 

[noirua]

Havieron gets deeper and deeper

Newcrest Mining and Greatland Gold continue to enhance their Havieron gold project, with fresh drill results further deepening the resource.

www.australianresourcesandinvestment.com.au

 

[Sean K]

You don't see intersections like those at Brucejack very often. Maybe they forgot a decimal between the grades?

 

[Sean K]

Even though they've given a brief explanation, I still don't get how you have a negative AISC?

 

[Sean K]

NCM paused on some long term support. The gold sector has been in the toilet this year. Time to go contrarian. This has been sold off so much perhaps one of the giants will take interest, BHP-OZL style.

 

[Sean K]

I’m not sure why Twiggy is chasing gold, it doesn’t really fit his investment profile. Maybe Greatland have other land prospective for copper and nickel…

Makes things a little more complicated for NCM with Havieron but not much. Will still replace feed at the Telfer mill.

I wonder if they’ll regret not picking up the extra 5% when on offer.

 

[Miner]

Just read. Is it an outdated story

Gold mine expansion on hold after vent shaft emits 18 times the regulatory limit of carcinogen

Newcrest's Cadia Valley Operations near Orange will have its expansion approval put on hold after failing to meet a key condition of its production increase.

www.abc.net.au