The global mining industry experienced an 84% drop in company filings mentions of COVID-19 in Q1 2024 compared with the previous quarter, with the highest share accounted for by Newmont with 45% year-on-year decrease, according to GlobalData’s analysis of over 304 mining company filings. GlobalData’s Mining: Filings Trends & Signals Q1 2024 report delves into earnings call transcripts and quarterly reports within the mining industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, COVID-19 was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of connectivity and nuclear, according to GlobalData.
Of the top leading companies in the mining industry, Newmont had the greatest increase in references for COVID-19 in Q1 2024, compared with the previous quarter. GlobalData identified 62 COVID-19-related sentences in the company's filings - 3% of all sentences - and a decrease of 45% in Q1 2024 compared with Q1 2023. Agnico Eagle Mines’s mentions of COVID-19 dropped by 79% to 19 and Barrick Gold’s by 36% to 14 and Teck Resources’s by 69% to 11 and Eaton Corporation’s by 60% to 10.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for COVID-19 in Q1 2024 was 105.
For further understanding of GlobalData's Mining: Filings Trends & Signals Q1 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
