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4-Traders Homepage  >  Equities  >  Nyse  >  Newmont Mining Corp    NEM

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Newmont Mining Names Brlas as New Finance Chief

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09/03/2013 | 07:06pm CET
   By Michael Calia 
 

Newmont Mining Corp. (>> Newmont Mining Corp) has named Laurie Brlas as its new chief financial officer.

Ms. Brlas will take over the job effective Monday. She will replace interim finance chief Tom Mahoney, who will resume his roles as vice president and treasurer, and will report to Ms. Brlas, the gold and copper mining company said.

The company in February said it would launch a search for a new CFO to replace then CFO Russell Ball. Mr. Mahoney took over the role in May, when Mr. Ball stepped down.

Ms. Brlas had previously served as CFO at Cliffs Natural Resources Inc. (>> Cliffs Natural Resources Inc).

Newmont, the world's second-biggest gold producer after Barrick Gold Corp. (ABX, ABX.T), reported in July that it swung to a second-quarter loss as production declined amid a slump in gold prices.

Shares of Newmont were down four cents, to $31.48. The stock is down 32% this year.

Write to Michael Calia at michael.calia@wsj.com

Stocks mentioned in the article : Newmont Mining Corp, Cliffs Natural Resources Inc
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Financials ($)
Sales 2016 7 735 M
EBIT 2016 1 860 M
Net income 2016 322 M
Debt 2016 1 709 M
Yield 2016 0,37%
P/E ratio 2016 65,05
P/E ratio 2017 19,36
EV / Sales 2016 2,53x
EV / Sales 2017 2,39x
Capitalization 17 823 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 43,8 $
Spread / Average Target 31%
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Managers
NameTitle
Gary J. Goldberg President, Chief Executive Officer & Director
Noreen Doyle Independent Non-Executive Chairman
Tom Palmer Chief Operating Officer & Executive Vice President
Nancy K. Buese Chief Financial Officer & Executive Vice President
James Zetwick Chief Information Officer & Vice President
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