Whither Peruvian gold?
Reporting from the VIII International Gold Symposium in Lima, MinerAndina says Miguel Cardozo, Chairman and CEO of junior company Alturas Minerals, forecast that Peru’s gold production would decline to 115 t/y, starting in 2016, when Yanacocha runs out of ore, if no more major exploration efforts are undertaken and unless more creative work is conducted by geologists. His estimates are based on the prospects and/or projects that would be going into production by that time.However, a lot will happen before then, especially in 2012, when Peru’s gold is projected to reach an all time high output of 227 t/y. (more…)
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