As every mining company knows, closing a mine can be costly, especially one the size of Newmont's (NYSE:NEM) Yanacocha in Peru.
Peru Mining News
The move is part of the new government's strategy to rebuild trust on the project following deadly protests that halted exports from the mine in October.
The gold producer said the region will play an increasingly important role in its growth strategy.
Preliminary deal is part of a series of agreements signed this week that will see China pouring close to $5.3 billion into Peru’s mining and energy sector.
Bob Moriarty of 321 Gold highlights BCGold, a company that he believes its promising land package in Peru makes it a good buy in this market.
Move will give the Vancouver miner 80% ownership of Zafranal Peru copper mine project
Police are on the scene to maintain order, the firm said, adding that efforts continue to resolve the situation peacefully through talks.
Ten gold mines that timed the gold price rally to perfection – Barrick owns four of them.
Trevali Mining jumped more than 4% Monday after it announced the discovery of a new high-grade zinc-lead-silver mineralization at its Santander mine, located in Peru.
The process of restoring calm in local communities and the re-opening of essential infrastructure is now underway, said the miner Monday.
Copper bulls might be tempted to place buy orders after a protest at a Peruvian mine turned ugly about 10 days ago.
He is the first person to die in clashes over mining under new President Pedro Pablo Kuczynski.
The complex land dispute between members of the Chaupe family and Yanacocha remains a concern for Newmont, the company said.
Extended mineralization and new zone discovered at its Santander mine in Peru.
Peru’s significant copper project pipeline and Brazil’s competitive iron ore sector will consolidate them as main drivers of investment in Latin America’s mining sector, says BMI Research.
With its Costancia mine now in full production, in Peru, Hudbay Minerals' COO talks about what's next.
It jumped 30% in July when compared to the same month last year.
Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.
Few disruptions could dump additional 230,000 tonnes onto already oversupplied market this year.
Silver is up 40% to date, while gold has only gained about 28%.
Stock rose 7.3% on Wednesday after the company announced Q2 results that beat expectations.
A force of marines and rangers sent in the past days to raid the Tambopata reserve, in the country’s southern Amazon, has already been outnumbered.
Trevali stock is up 44% in two weeks as Canadian mine enters commercial production and record output at flagship Peru operation is topped by high-grade find.
More environmentalists were murdered in Latin America in 2015 than anywhere else in the world, with anti-mining causes claiming the most lives, a report by Global Witness shows.
It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.