Subject to suitable financial arrangements and regulatory approval, the Yanacocha gold project in Peru will enter production in mid-1993, its owners say.
Anticipated annual output is 100,000 oz. Capital cost to initiate production will be US$36.6 million. Planned is the dump-leaching of oxidized gold mineralization.
Owners of the project are Minera Yanacocha S.A., the Peruvian operator which is 40% owned by Newmont Mining (NYSE); Buenaventura, a Peruvian mining company with a 34% interest; and BRGM, a French government geological and mining agency with a 26% interest.
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