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San Gabriel gold project, Peru

17th June 2022

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
San Gabriel gold project.

Location
Peru.

Project Owner/s
Precious metals mining company Buenaventura.

Project Description
San Gabriel will almost double Buenaventura’s current gold production and will contribute between 120 000 oz/y and 150 000 oz/y of gold ounces, with a life-of-mine of more than ten years.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
The project is estimated at between $400-million and $430-million.

Planned Start/End Date
Initial works are expected to be completed by the end of 2022, with a production start date of no later than 2024.

Latest Developments
The mine received the government of Peru’s approval of all required permits in March 2022, enabling Buenaventura to immediately start mining project construction, development and exploitation.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Buenaventura head of investor relations Gabriel Salas, email Gabriel.salas@buenaventura.pe.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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