off-the-wire

Newmont again postpones final investment decision for Yanacocha Sulfides project in Peru

Kitco Media
By Reuters
Published:
Updated:
Reuters
Newmont again postpones final investment decision for Yanacocha Sulfides project in Peru teaser image

Precious metals miner Newmont said on Friday that it will again postpone a final investment decision for its Yanacocha Sulfides project in Peru.

In a statement, the company said the postponement will allow it to prioritize more profitable projects.

Yanacocha is South America’s largest gold mine, located in Peru’s Cajamarca department, but it also produces copper and silver, according to Newmont’s website.

(By Marco Aquino; Editing by Alexander Villegas)

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