Newmont Plans 19.7M Tonnes at Peru’s Yanacocha Mine
Newmont wants Peru's Yanacocha mine, its lowest-cost site in the first half of 2026, to keep digging two zones through 2027, a regulatory filing shows. The post Newmont Plans 19.7M Tonnes at Peru’s Yanacocha Mine appeared first on The Rio Times .
Newmont, the gold producer based in Denver, has requested permission from Peru's environmental regulator to expand its Yanacocha mine operations through 2027. The environmental regulator, Senace, received the request on October 7th and is currently evaluating it, with a ruling expected within 15 working days. If approved, the expansion would involve mining two additional zones, Katia and Yanacocha Pinos, adding approximately 19.7 million tonnes of ore.
Newmont has noted that higher gold prices have made the low-grade ore in these zones commercially viable. The company's website states that mining will continue through 2026, with incremental low-cost gold production beginning in 2027. The pit's approved capacity remains at 156 million tonnes, and mining will be conducted above the approved floor of 3,600 meters above sea level.
This request is a routine fast-track procedure, as Peruvian regulations reserve it for changes with no significant environmental impact.
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