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Latest News in Peru / Archive
Mining/Energy | 13 November, 2009 [ 08:37 ]
Yanacocha to keep US$ 25 million annual investment in Peru
Andina
Yanacocha, which operates in the department of Cajamarca, will maintain its annual investment of 20-25 million dollars for exploration activities in Peru, stated Thursday its general manager Carlos Santa Cruz.
"We keep on moving forward exploring in the areas we are already present and our expectation is to have good news soon. We are also exploring in the known deposits,” he stated.
Yanacocha, the biggest Latin America gold mine owned by Newmont Mining, has already produces up to 3.5 million ounces a year.
“We would like to recover the production level we used to have; it's hard to keep exploring fast because of the social problems we are facing,” he said
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Yanacocha, which operates in the department of Cajamarca, will maintain its annual investment of 20-25 million dollars for exploration activities in Peru, stated Thursday its general manager Carlos Santa Cruz. "We keep on moving forward exploring in the areas we are already present and our expectation is to have good news soon. We are also exploring in the known deposits,” he stated.
Yanacocha, the biggest Latin America gold mine owned by Newmont Mining, has already produces up to 3.5 million ounces a year.
“We would like to recover the production level we used to have; it's hard to keep exploring fast because of the social problems we are facing,” he said
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
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