May 27, 2024
Newmont reopens Argentina’s Cerro negro gold mine
Provincial suppliers and services chamber Capromisa had voiced their concerns about the effects a prolonged suspension would have on small and medium-sized enterprises (SMEs) and service providers. Capromisa asked the authorities to expedite the investigation into the deaths and accelerate the administrative processes to allow the resumption of operations. The gold mine, located in the southern Argentinian province of Santa Cruz, is one of Newmont’s key operations in South America, generating over $500 million in exports per year. Cerro Negro is undergoing a $540-million expansion project that would extend its life until 2034, with total production expected to reach over 350,000 ounces
