Newmont: Ignore The Weak Q2 Results (Future Contribution From Havieron)

[CanisLycaon]

Newmont: Ignore The Weak Q2 Results
Seeking Alpha - 20th July 2023

"Despite a challenging quarter, Newmont's future remains promising, especially if it can close the planned Newcrest acquisition."

".....Finally, what investors appear to be missing as part of the margin equation is that while Newcrest is a low-cost producer today, it is graduating into a larger and even lower-cost producer later this decade. This is expected to be achieved through optimization at Brucejack, the benefit of what are already industry-leading costs at Cadia, plans for Red Chris Block Cave which should have negative all-in sustaining over a 30+ year mine life, and the addition of the high-grade shared Havieron asset. And while I think the company's projections of sub $600/oz are too ambitious (excluding Brucejack), I don't think it's unreasonable to assume that the Newcrest portfolio could enjoy sub $775/oz costs by FY2030, which would make this portfolio the closest we've seen to the previous Kirkland Lake Gold, which was an absolute cash cow with two ultra-low cost mines in Macassa and Fosterville from 2017 to 2020....."

https://seekingalpha.com/article/461841 ... q2-results