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Masglas eyes Peru mine restart in 2019

Masglas Americas Corporation plans to restart mining at the San Nicolas gold mine in northern Peru next year, the largest of a series of projects the privately-owned mining group is developing.

Masglas eyes Peru mine restart in 2019 Masglas eyes Peru mine restart in 2019 Masglas eyes Peru mine restart in 2019 Masglas eyes Peru mine restart in 2019 Masglas eyes Peru mine restart in 2019

Masglas CFO Dante Conetta, right

Masglas was studying an investment of about US$100 million to build a new plant to process an estimated 12 million tonnes of high-grade silver and gold sulphide ore, CFO Dante Conetta told Mining Journal in Lima.

The company was in conversations with a number of commodity trading houses to provide the necessary capital upfront in exchange for part of the production, but was also considering a possible listing.

"This...