Gold miner Newmont anticipates moving forward with Peru mine expansion - CEO [Financial Post (Toronto, Ontario, Canada)]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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US:NYSE Investor Relations:
newmont.com/investor-relations/default.aspx
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Source: Financial Post
The remarks are the strongest support yet for a project that Newmont says will only be fully decided later this year. Peru is the world’s No. 2 copper producer and a major producer of gold. U.S.-based Newmont, the world’s largest gold miner, has committed $500 million to invest in the project so far, but is in the process of making a final decision on the remaining investment. The project is part of a planned expansion of Newmont’s Yanacocha gold mine, which will extend the life of Yanacocha beyond 2040. Newmont previously co-owned the Yanacocha project with local miner Buenaventura but earlier this year bought out its partner’s stake. If Newmont moves forward, it would represent a confidence boost for Peru and the administration of President Pedro Castillo, who has faced significant turmoil within the mining industry. Two of Peru’s largest copper mines have suspended production so far this year amid escalating conflicts with nearby indigenous communities. MMG’s Las Bambas coppe
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- 4/12/24 - Form DEFA14A
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- 3/19/24 - Form 3
- NEM's page on the SEC website