Newmont Reports End Of Strike At Peñasquito Mine In Mexico
Portfolio Pulse from Benzinga Newsdesk
Newmont Corporation has reported the end of a strike at its Peñasquito Mine in Mexico. The agreement between Newmont and the Union was approved by the Mexican Labor Court on October 13, 2023, thus ending the strike.
October 16, 2023 | 10:31 am
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POSITIVE IMPACT
The end of the strike at Newmont's Peñasquito Mine in Mexico could potentially lead to a resumption of normal operations, which may positively impact the company's production and revenues in the short term.
The end of the strike means that Newmont can resume normal operations at the Peñasquito Mine. This could lead to an increase in production, which could in turn lead to an increase in revenues. This is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100