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Newmont announced that it has made a preliminary agreement with Mexican Gold Mine workers.
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The net Income of the company has declined in recent quarters.
Newmont Corporation was formerly known as Newmont Mining Corporation. It is an American gold mining company situated in Colorado. The company was incorporated in 1921 and owns gold mines in Colorado, Mexico, Quebec, Ontario, and many other places. It generally mines Copper, Silver, Zinc, and Lead. The company currently has approximately 31K employees and contractors worldwide. It is the one in only gold mine company to make its position in Standard & Poor’s 500 stock index.
Newmont Corporation has 793.569 Million shares floating in the market available for trading, leading to a market cap of $30.043 Billion. It has a debt/equity ratio of 31.79% which is neutral for the company. The P/B ratio of the company is 1.56 which is considered strong for the future performance of the company.
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