On a positive note, Newcrest has impressive reserves of gold and copper along with diversified producing mines. The main problem for investors in the company appears to be one common to many gold miners. The constant capital spend on drilling and exploration (or acquisitions) to replace a depleting resource, means most shareholders are left with nothing but high expectations. That situation doesn’t appear likely to change anytime soon. For investors looking for gold exposure, Silver Lake Resources (ASX: SLR), Northern Star Resources (ASX: NST) or Kingsrose Mining (ASX: KRM) appear to be better bets.