J.P. Morgan Comments On Newmont Mining Analyst Visit

According to J.P. Morgan, Newmont Mining NEM hosted an analyst visit to its Akyem mine yesterday and is following up with an Ahafo visit today. J.P. Morgan reported that it feels this visit is a positive indication for the Newmont's Investor Day next week (Apr 7). “African regional management pointed to the potential to expand the reserve base at new mine Akyem. Additionally, growth at the Ahafo is leading to Newmont forecasting production to double from the likely 550koz to 590koz in 2011 to 1moz to 1.2moz in 2017. We reiterate our Overweight rating.” Newmont Mining closed yesterday at $54.58.