Name of the Project
Yanacocha sulphides project.

Location
About 800 km north-east of Lima, in Peru.

Project Owner/s
Gold miner Newmont Corporation.

Project Description
The project is part of a planned expansion of Newmont's Yanacocha gold mine, which will extend the life of Yanacocha beyond 2040.

The project will develop the first phase of sulphide deposits at Yanacocha and an integrated processing circuit, including an autoclave to process gold, copper and silver feedstock. The project is expected to add 500 000 gold equivalent ounces a year.

The first phase focuses on developing the Yanacocha Verde and Chaquicocha deposits to extend Yanacocha’s operations beyond 2040, with the second and third phases having the potential to extend the life of the project for many decades.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Capital costs have been estimated at about $2-billion.

Planned Start/End Date
Construction for the project is yet to start, although Newmont is not expecting to extract metal until 2026.

Latest Developments
Newmont is expecting to advance a $2-billion investment in the Yanacocha project, according to CEO Tom Palmer.

This remark is  the strongest support yet for a project that Newmont says will be fully decided on only later this year.

Newmont has committed $500-million to the project so far, but is making a final decision on the remaining investment.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Newmont Corporation media contact Courtney Boone, tel +1 303 837 5159 or email courtney.boone@newmont.com.
Newmont Corporation investor contact Eric Colby, tel +1 303 837 5724 or email eric.colby@newmont.com.