Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Peru Mining Companies' Investments Up 60.6% In Jan To Feb

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/25/2012 | 07:22pm CET

Mining companies in Peru, a major global producer of base and precious metals, increased investments by 60.6% in the first two months of this year to $1.05 billion, the government said.

The Mines and Energy Ministry said in an emailed statement on Wednesday that Minera Yanacocha SRL invested $177.6 million in January and February, which is a 214% increase from the year-ago period.

Yanacocha, which is majority-owned by Newmont Mining Corp. (>> Newmont Mining Corporation), operates South America's biggest gold mine, located in Peru's Cajamarca region. Also in Cajamarca, Yanacocha has the stalled $4.8 billion Minas Conga copper and gold project, the country's biggest private-sector investment project.

The ministry also said that Xstrata PLC (>> Xstrata PLC) invested $140 million in its Las Bambas copper project and $67 million in its Tintaya copper project.

In 2011, mining companies in Peru invested $7.2 billion, up 77% from the prior year.

Peru is the world's second biggest producer of copper and silver and a major producer of gold, zinc, lead and other minerals. Mining companies plan to invest more than $50 billion in new mines and expansion projects this decade, according to the ministry.

-By Ryan Dube, Dow Jones Newswires; 51-945 043 802; peru@dowjones.com

Stocks mentioned in the article : Newmont Mining Corporation, Xstrata PLC
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NEWMONT MINING CORP
01/20 FINANCIALBUZZ.COM : Gold Prices Hold Above the Key $1,200 Mark
01/11 NEWMONT MINING : Announces Fourth Quarter and Full Year 2016 Earnings Call
01/11 S&P 500 MOVERS : Nem, mrk
01/09 RIO SILVER : Acquires New Gold/Silver Concession Adjacent to Ninobamba with Hist..
2016 U.S. stock market performance in 2016
2016 NEWMONT MINING : Advanced Micro Devices trade ideas, as well as trade ideas for ..
2016 MARKETS RIGHT NOW : Banks, energy stocks lead modest declines
2016 S&P 500 MOVERS : Nvda, nem
2016 NEWMONT MINING CORP /DE/ : Material Impairments, Regulation FD Disclosure (form ..
2016DJGroup Vows to Advance More Women at Work -- WSJ
More news
Sector news : Gold Mining
01/13DJLONDON MARKETS : FTSE 100 Continues Record Run, Rising For 14th Day In A Row
01/13 FTSE hits record highs, extends historic winning streak
01/12 Fiat Chrysler leads European shares lower on emissions accusations
01/09 AURYN RESOURCES : Goldcorp to buy stake in Auryn Resources for C$35 million
01/06 FTSE posts record close to round off fifth straight weekly gain
More sector news : Gold Mining
News from SeekingAlpha
01/20 PRECIOUS METALS : Have You Ever Heard Of These Companies?
01/19 Gold In The Near Term
01/13 2016 : A Record Year
01/12 Gold powers past $1,200 for first time in seven months
01/09 Latest SGE Withdrawals Lowest Since 2012, But What's The Significance For Gol..
Advertisement
Financials ($)
Sales 2016 7 680 M
EBIT 2016 1 938 M
Net income 2016 -180 M
Debt 2016 1 839 M
Yield 2016 0,35%
P/E ratio 2016 -
P/E ratio 2017 23,33
EV / Sales 2016 2,66x
EV / Sales 2017 2,63x
Capitalization 18 597 M
More Financials
Chart NEWMONT MINING CORP
Duration : Period :
Newmont Mining Corp Technical Analysis Chart | NEM | US6516391066 | 4-Traders
Full-screen chart
Technical analysis trends NEWMONT MINING CORP
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 40,1 $
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
NEWMONT MINING CORP2.85%18 597
BARRICK GOLD CORP.5.84%19 965
NEWCREST MINING LIMITE..6.86%12 542
SAUDI ARABIAN MINING C..--.--%12 248
AGNICO EAGLE MINES LTD8.02%10 291
SHANDONG GOLD MINING C..2.16%10 079
More Results