PRECIOUS METALS

Newmont to extend Cerro Negro life

Newmont is to invest US$350-400 million to expand its Cerro Negro gold mine in Santa Cruz Argentina, to extend its life to 2034.

 Newmont's Cerro Negro in Santa Cruz, Argentina

Newmont's Cerro Negro in Santa Cruz, Argentina

The company obtained the mine through its 2019 acquisition of Goldcorp and has already spent over $100 million on the plan, a Newmont official told Mining Journal. "Newmont remains committed to expanding...

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