Buenaventura says new mine to kick off production in November 2016-09-15Peruvian precious metals miner Buenaventura expects its Tambomayo mine to produce its first bar of gold in November and reach full output at the end of this year or the start of next, the company said late on Wednesday. Renzo Macher, Tambomayo's project manager, told reporters on the sidelines of a mining conference that the underground mine should produce at least 120 000 oz of gold next year.
Buenaventura expects key permit for gold project by end of year 2015-09-23Peruvian precious metals miner Buenaventura expects the government to issue an environmental permit for its San Gabriel gold project at the end of the year, the company's vice president of operations said Tuesday. Igor Gonzales added that San Gabriel, formerly called Chucapaca, will likely produce around 200 000 oz/y of gold starting in the first quarter of 2018. The mine will cost between $460-million and $520-million.
Company 2015-05-10Buenaventura is Peru's largest publicly-traded precious metals company and a major holder of mining rights in Peru. The Company is engaged in the mining, processing, development and exploration of gold, silver and other metals via wholly-owned mines, as well as through its participation in joint exploration projects.