Streetbeat News

NCMGY

Newcrest Mining

https://www.newcrest.com/

CEO

Sandeep Biswas

Industry

Gold Ore Mining

Open

15.50

Mkt cap

14B

Volume

1.2M

High

15.80

P/E Ratio

17.92

52-wk high

20.46

Low

15.38

Div yield

N/A

52-wk low

12.34

Elliott Management is launching Hyperion, a new venture aimed at acquiring global mining assets worth at least $1 billion, under the leadership of Sandeep Biswas, former CEO of Newcrest Mining (OTC:NCMGY). The venture will focus on assets critical for electric vehicle production and renewable energy, leveraging low valuations in the sector. This marks a significant shift for Elliott, indicating a long-term commitment to the mining industry. Notable companies and ETFs in the sector include BHP Group Ltd. (NYSE:BHP), Rio Tinto Group (OTC:RTNTF), Vale S.A. (NYSE:VALE), VanEck Vectors Gold Miners ETF (NYSE:GDX), and Global X Lithium & Battery Tech ETF (NYSE:LIT).

Portfolio Pulse from Bibhu Pattnaik

February 25, 2024 | 7:09 pm

Newmont Corporation has received clearance from Australia's competition regulator to proceed with its acquisition of Newcrest Mining Limited.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 9:31 pm

Newmont Corp (NEM) has appointed Karyn Ovelman as Executive Vice President and CFO following its $19B acquisition of Newcrest Mining Limited (NCMGY). Ovelman has previously worked as CFO for Flowserve Corp (FLS) and LyondellBasell Industries (LYB) and served on the boards of Hess Corp (HESS) and ArcelorMittal (MT).

Portfolio Pulse from Lekha Gupta

May 19, 2023 | 3:10 pm

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