Peru's Buenaventura to begin gold production at San Gabriel project in November
Buenaventura, one of Peru's largest mining firms, expects to begin gold production in November at its $750-million San Gabriel project, CEO Leandro Garcia said on Tuesday.
Construction of the mine, located in the southern Moquegua region, is 80% complete, Garcia said, adding that initial start-up tests will begin in July while the company awaits its operating license.
San Gabriel is expected to produce between 100 000 oz and 120 000 oz of gold annually, Garcia told Reuters on the sidelines of a mining convention.
The mine has a projected lifespan of 14 years, including a closure plan starting in the seventh year, he said.
Buenaventura, which operates several gold and silver mines across Peru, produced about 3.4-million fine gold grams in 2024, a 12.6% decline from the previous year, according to data from Peru's energy and mines ministry.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation