SOURCE: Equity Markets Inc

November 01, 2011 09:00 ET

Professional Outlook, Will EU's Deal Hold the Markets? - Equity Research on Newmont Mining Corporation and Compania de Minas Buenaventura SA (ADR)

MACAU--(Marketwire - Nov 1, 2011) - Today, announced its research report highlighting Newmont Mining Corporation (NYSE: NEM) and Compania de Minas Buenaventura SA (ADR) (NYSE: BVN). Full content and research is available at

Markets are starting to step in the right direction, with the European Financial Stability Facility (EFSF) increasing from $600 billion to $1.4 trillion, a significant move to strengthen the safety net in place for Europe's most troubled countries.

It is likely China and the IMF will contribute to the bailout fund, with Greece alone receiving $180 billion in fresh aid. The remainder of Greece's obligations were halved in the process, with private bondholders of Greek debt settling at 50% -- allowing banks to recapitalize at a healthy 9% reserve and bring Greece's debt burden down to 120% of GDP by 2020.

An important consideration is political commitment to this road map and probability of ongoing support for European Central Bank (ECB)'s recent deal. Currently the global community appears to be on point with ECB's initiative, an outlook that should be sufficient to support markets around current levels.

Equity Markets has reviewed Newmont Mining Corporation for its current position within the basic materials industry. Newmont Mining Corporation (Newmont) is a gold producer. At December 31, 2010, Newmont had gold reserves of 93.5 million ounces and an aggregate land position of approximately 27,500 square miles (71,100 square kilometers). Newmont is also engaged in the production of copper, principally through its Batu Hijau operation in Indonesia and Boddington operation in Australia. The full research report on Newmont Mining Corporation (NYSE: NEM) is available here:

Equity Markets has reviewed Compania de Minas Buenaventura SA (ADR) for its development within the basic materials industry. Compania de Minas Buenaventura SAA (Buenaventura) is a Peru-based mining company engaged in the exploration, exploitation, processing and sale of gold and silver, as well as other metals and minerals. It operates seven mining units located in Peru: Julcani, Recuperada, Orcopampa, Poracota, Uchucchacua, Antapite and Ishihuinca. The full research report on Compania de Minas Buenaventura SA (ADR) (NYSE: BVN) is available here:

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