Newmont Completes Fourth Project For The Year

The world’s largest gold miner, Newmont Goldcorp, has brought its fourth project for the year into operation, with Quecher Main at Yanacocha, Peru, hitting commercial production.

The project was completed at a cost of about $275-million, which the mining major said on Thursday was below its initial estimate. It was also completed ahead of schedule.

Quecher Main will extend Yanacocha’s mine life to 2027, contributing an average of 200 000 oz/y from 2020 through 2024, at all-in sustaining costs of between $900/oz and $1 000/oz.