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NCM - NEWCREST MINING LIMITED


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Lihir, PNG

 

Lihir's September 2014 quarter production was 153,826 ounces of gold with an All-In Sustaining Cost of A$1,353 (US$1,253) per ounce. This compares with the June 2014 quarter performance of 174,601 ounces of gold with an All-In Sustaining Cost of A$1,313 (US$1,225) per ounce.

 

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You are wrong arty get your facts straight.

 

Hi anka---

 

NEM is a multi mine operation, and so far as we the punters are concerned what matters are the group's figures, not one portion of the whole.

 

"Group AISC for the Q was $A864"

 

"AISC at each operation was below the average realised gold price for the Q"

 

Stick with it mate--still don't like NCM as a gold play though.

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Newcrest Mining has pounced on one of the most exciting mineral discoveries in Australia in recent years, striking a deal that will see it pump $US65 million ($92m) into the Haveiron copper-gold project in Western Australiaâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s Paterson Range.

 

Newcrest announced the deal with the UK-listed owner of Haveiron, Greatland Gold, late on Tuesday.

 

Under the deal, Newcrest will spend an initial $US5m on exploration at Haveiron over the next 12 months and can earn a 70 per cent stake by spending $US65m over six years.

 

Haveiron sits just 45 kilometres from Newcrestâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s big but ageing Telfer mine, and the high grade mineralisation identified at the project could make an idea source of feed for Telfer.

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