Australian (ASX) Stock Market Forum

NCM - Newcrest Mining

Sean K

Moderator
Joined
21 April 2006
Posts
17,785
Reactions
3,566
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.
 
Joined
2 May 2007
Posts
3,987
Reactions
1,686
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

Moderator
Joined
21 April 2006
Posts
17,785
Reactions
3,566
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.

Screen Shot 2022-02-17 at 10.34.58 am.png
 
Joined
2 May 2007
Posts
3,987
Reactions
1,686

Attachments

  • CEO SAYS SORRY.pdf
    1.2 MB · Views: 19
  • NEWCREST 1.pdf
    625.5 KB · Views: 6

Garpal Gumnut

Ross Island Hotel
Joined
2 January 2006
Posts
11,511
Reactions
4,734
Sharing two articles from AFR - shows success leading to arrogance leads to fall - pride must have fallen.
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

Moderator
Joined
21 April 2006
Posts
17,785
Reactions
3,566
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.
 
Joined
29 January 2006
Posts
6,724
Reactions
4,008
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.
1646612514968.png
 

Sean K

Moderator
Joined
21 April 2006
Posts
17,785
Reactions
3,566
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... :confused:

Screen Shot 2022-03-07 at 12.08.58 pm.png


Screen Shot 2022-03-07 at 12.13.01 pm.png
 

Sean K

Moderator
Joined
21 April 2006
Posts
17,785
Reactions
3,566
You don't see intersections like those at Brucejack very often. Maybe they forgot a decimal between the grades?


Screen Shot 2022-07-21 at 9.21.45 am.png
 

Sean K

Moderator
Joined
21 April 2006
Posts
17,785
Reactions
3,566
Even though they've given a brief explanation, I still don't get how you have a negative AISC?


Screen Shot 2022-07-21 at 9.27.07 am.png


Screen Shot 2022-07-21 at 9.30.30 am.png
 

Sean K

Moderator
Joined
21 April 2006
Posts
17,785
Reactions
3,566
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.

Screen Shot 2022-08-08 at 2.42.58 pm.png
 

Sean K

Moderator
Joined
21 April 2006
Posts
17,785
Reactions
3,566
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.

27C004DA-DF89-473A-9E12-DEFDAB210421.jpeg
 
Top