Minas Conga

Barrick (TSE:ABX), Newmont (NYSE:NEM), Gold Fields (NYSE:GFI) Expanding Mining Operations in Peru

Barrick (TSE:ABX) (NYSE:ABX), Newmont (NYSE:NEM) and Gold Fields (NYSE:GFI) all reiterated their commitment to plans to continue expanding existing projects in Peru, or to launch new mines in the South American country.Barrick Gold is looking to expand the life of their Lagunas Norte mine, by going under the oxide ore to tap into the sulphide deposits. Barrick also continues to actively explore

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Newmont (NYSE:NEM), Buenaventura (NYSE:BVN) Investing in Minas Conga Project

Newmont (NYSE:NEM) and Buenaventura (NYSE:BVN) reportedly may invest up to $3 billion in the Minas Conga project, according to Buenaventura’s CEO Roque Benavides. Benavides estimates production could reach 450,000 ounces of gold at Minas Conga, and that’s referring to only direct operations. Newmont Mining owns 51.35 percent of Minas Conga, while Buenaventura owns 43.7 percent. Buenaventura

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