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Stock impact report

Analysis-How can Milei unlock Argentina's copper riches? Fix the economy [Yahoo! Finance Canada]

Newmont Corporation (NEM) 
Last newmont corporation earnings: 2/20 06:55 am Check Earnings Report
It wants to be a top 10 global producer and has attracted investors such as Glencore, Lundin Mining and First Quantum Minerals. But unlocking its potential won't be easy. The country, and new libertarian President Javier Milei, need to fix the economy first, with most big copper projects being stalled by strict capital controls, near 300% inflation and high tax rates. Even as copper prices hit record highs, that has taken some of the shine off optimism a year ago, when local officials told Reuters about the "immense potential" of the sector, tapping global demand for the metal that is needed for construction and energy transformation projects worldwide. ADVERTISEMENT "We believe the country is immersed in a crisis of confidence," Franco Mignacco, vice president of Argentina's Chamber of Mining Entrepreneurs (CAEM), said at a mining event on Tuesday in San Juan, citing economic turmoil holding projects back. "We have the resources, we have carried out the exploration and plan Show less Read more
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