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Yanacocha Project
Yanacocha
Country
Peru
Province
Andes mountain
Close to
Cajamarca
Status
PRODUCTION
Latitude / Longitude
6 S 59 / 78 W 31
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Risk and valuation analysis of the Yanacocha Project
Status Risk : Production
Country Risk : Important
Resource Risk : 73.00%
In situ value
597,287,787 $
Title(s) of the Yanacocha Project
Newmont Mining Corp
Joint venture: 51.35%
Title
Company Profile
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Newmont holds a 51.35% ownership interest, with the Peruvian mining firm, Compania de Minas Buenaventura S.A.A owning 43.65%. The International Finance Corporation (IFC), an arm of the World Bank, holds the remaining 5%.
Buenaventura
Joint venture: 43.65%
Title
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Location of the Yanacocha Project
Minera Yanacocha is located high in the Andes Mountains, 48 kilometers (30 miles) north of the city of Cajamarca, and 375 miles (603 kilometers) north of Lima.
History of the Yanacocha Project
After 10 years of exploration, in 1990, feasibility studies started for works at a pilot heap leaching plant. After successful results at the pilot plant were obtained, the project began in 1992. With the start of operations in Carachugo, the first bar of gold was produced on August l 7, 1993.
Reserves and resources of the Yanacocha Project
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Proven
65,600,000
0.03
54 836
Probable
263,600,000
0.03
288 148
Proven and Probable
329,200,000
0.03
342 984
Measured
500,000
0.01
129
Indicated
83,900,000
0.03
72 831
Mesured and Indicated
84,400,000
0.03
72 960
Inferred
24,200,000
0.02
17 895
Total
437 800 000
433 839
Definitions
Reserves and resources of the Yanacocha Project
Metal
Total
Reserves
Resources / Mineralized Material
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
433 839
54 836
288 148
342 984
129
72 831
72 960
17 895
oz
590 541 591 US$
Production history
Metal
2008
2007
GOLD (oz)
1,818,338
1,563,670
Location
Data last updated on : 9/6/2006
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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