Buenaventura Produces Its First Dore Bar at San Gabriel [Yahoo! Finance]
Freeport-McMoRan, Inc. (FCX)
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Source: Yahoo! Finance
Exchange: BUE.LM), Peru's largest publicly-traded precious metals mining company, announced today that San Gabriel, its new gold operation located in Moquegua, has produced its first dore bar as part of the commissioning tests. This milestone was achieved in line with the planned timeline. The Company is progressing toward concluding the necessary arrangements with the Ministry of Energy and Mines to initiate full-scale production and commercialization. As previously announced, San Gabriel is on track to reach a processing rate of 2,000 tons per day (TPD) in 2026, within a nameplate capacity of 3,000 TPD. Production guidance for 2026 is estimated at 70,000 to 80,000 ounces of gold. The start-up of operations at San Gabriel, Buenaventura's new flagship, will enable the Company to replace production from depleting mines and position Buenaventura for significant growth in the coming years, creating long-term value through sustainable operations. Company Description Compañía de Minas
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