This prompted a regulatory complaint from Newmont, who wanted it to be clear if this offer was final.
This may be a sign that Newmont is looking for an exit strategy from the project.
FORBES: Newmont's Conga Project In Peru Faces Uncertain Fate
And investor interest in commodity-related stocks like Silver Wheaton (SLW) and Newmont Mining (NEM) has swelled.
Brian Rogers buys Apache, Apple, Western Union, PNC Financial, Newmont Mining, Joy Global, Inc.
The Toronto-based Canadian miner slugs it out with Goldcorp and Newmont for market dominance.
But there is one that could provide an extra boost: Newmont Mining (NYSE:NEM).
In Thursday trading, Newmont Mining Corp. shares are currently up about 2% on the day.
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Newmont competes with other international gold producers like Barrick Gold, AngloGold Ashanti Ltd. and Goldcorp.
Miners in the GDX ETF, like Goldcorp and Newmont Mining, undercut their summertime lows.
Other possibilities: shares of gold miners, like Newmont Mining, Goldcorp and Barrick Gold.
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Freeport competes with other miners such as the Southern Copper, Codelco and Newmont Mining.
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Newmont Mining is keeping all options open as far as its Conga project in Peru is concerned.
FORBES: Newmont's Conga Project In Peru Faces Uncertain Fate
Besides, in the case of Newmont, it has demonstrated its ability to be savvy with such things.
Despite recent strength, don't expect Newmont or gold futures to vault to new highs immediately, Hesler says.
But investors should still focus on the top-quality operators like Newmont Mining (NYSE:NEM) and Barrick Gold (NYSE:ABX).
The choice for Normandy shareholders has been between big promises from AngloGold - and a higher cash offer from Newmont.
Denver-based Newmont and Peruvian gold producer Compania de Minas Buenaventura SA are also scheduled to report Thursday.
Participate by owning U.S. gold miner Newmont Mining (nyse: NEM - news - people ).
Last week, Newmont cleared a cup-without-handle base, a pattern of strength that often precedes a new price run-up.
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Metals producers like Silver Wheaton, Newmont Mning and Barrick Gold sold off hard on Wednesday, too.
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Newmont is maintaining its previously announced 2011 outlook for copper production of 190 million to 220 million pounds.
Goldcorp was down more than 8%, while Newmont Mining slid 7% and Barrick Gold tumbled almost 5%.
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Especially, Apple, Joy Global, Apache, Newmont Mining are traded closed to mutli-year lows.
Newmont Mining ( NEM) saw earnings grow 31%, 25%, 30% and 43% in each of the past four years.
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Click here for a video with more on Curtis Hesler's Newmont Mining recommendation.
Top holdings include Barrick Gold (NYSE: ABX), Goldcorp (NYSE: GG), Newmont Mining (NYSE: NEM) and AngoloGold Ashanti (NYSE: AU).
Newmont aims for 7 million by 2017 compared to 5.1-5.3 million this year.
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Freeport competes with Southern Copper, Codelco, Barrick Gold and Newmont Mining.
Meanwhile, Newmont continues development of projects that are expected to increase future output.
To make matters worse, Newmont will start wage negotiations with thousands of workers in November for the coming year.
FORBES: Newmont's Revised Production Forecast In Indonesia May Cause Labor Troubles
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