Newmont Sticks to Mine Investment Delay, Dashing Peru Hopes [Yahoo! Finance Canada]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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Source: Yahoo! Finance Canada
Sulfides project, dashing the Peruvian government's hopes of a forthcoming announcement. Most Read from Bloomberg Peru's Energy and Mines Minister Romulo Mucho told a local outlet that he hoped Newmont would announce a commitment to the project later this month, when Chief Executive Officer Tom Palmer is scheduled to speak at a conference in Lima. But in a written response to Bloomberg, Newmont said the time-line remains unchanged, with no decision expected before at least 2025. ADVERTISEMENT Read More: Newmont Delays $2.5 Billion Peru Project Amid Newcrest Takeover “We will continue to work closely with government stakeholders, business partners and local communities in Peru as we prepare for a future investment decision on the Sulfides Project,” the company said in a statement. Peru's economy is largely dependent on mining, but new investments have become scarce, slowing growth. Mucho said he sees potential for mining expansions in the short term, such as Yanacocha Sulfi
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NEM
News
- McLaren Update for the Augdome Property Located Adjacent to the Dome Mine, Timmins, Ontario [Yahoo! Finance]Yahoo! Finance
- Newmont: Optimism Priced In (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Newmont Co. (NYSE: NEM) had its price target lowered by analysts at Sanford C. Bernstein from $46.00 to $45.00. They now have a "market perform" rating on the stock.MarketBeat
- Great Eagle Gold Commits US $18,376,904 for Multi-Million Ounce NI 43-101 Certified Gold-Silver Deposit in California [Yahoo! Finance]Yahoo! Finance
- Awalé Resources Announces Newmont Advances to Phase 2 of Earn-In on the Odienné Project JV [Yahoo! Finance]Yahoo! Finance
NEM
Earnings
- 4/25/24 - Beat
NEM
Sec Filings
- 5/8/24 - Form 3
- 5/2/24 - Form 4
- 4/30/24 - Form 4
- NEM's page on the SEC website