San Gabriel gold project, Peru – update
Photo by ©Bloomberg
Name of the Project
San Gabriel gold project.
Location
Peru.
Project Owner/s
Precious metals mining company Buenaventura.
Project Description
San Gabriel will almost double Buenaventura’s current gold production and will contribute between 100 000 oz/y and 150 000 oz/y of gold ounces
The mine has a projected life span of 14 years, including a closure plan starting in the seventh year.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
$750-million.
Planned Start/End Date
Production is expected to start in November 2025.
Latest Developments
Construction of the mine is 80% complete, with initial startup tests expected to start in July while the company awaits its operating licence.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Buenaventura investor relations Sebastián Valencia, email sebastian.valencia@buenaventura.pe.
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