New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 5, 2014
07:55 EDTNEMNewmont Mining says Indonesia unit invokes force majeure on export restriction
Following its announcement earlier this week that copper concentrate production at Batu Hijau was halted, PT Newmont Nusa Tenggara announced it officially notified the Government of Indonesia and employees that it is invoking the force majeure clause of its Contract of Work due to ongoing export restrictions. PTNNT continues discussions with the Government to seek a resolution of the export issues. Investors are cautioned that Newmont Mining Corporationís 2014-2016 copper outlook, issued on April 24, assumed the continuation of Batu Hijau operations, timely receipt of export approvals and other factors. To the extent that PTNNT is unable to export by the end of June, it will impact Newmontís ability to achieve its copper outlook. As a result, investors are cautioned not to rely on such outlook. Comments taken from an 8-K filing.
News For NEM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 21, 2015
13:12 EDTNEMNewmont Mining volatility elevated as shares trend higher
Newmont Mining February call option implied volatility is at 45, April is at 39, June is at 38; compared to its 26-week average of 34 according to Track Data, suggesting large February price movement into the expected release of Q4 results on February 20.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use