Today’s news on a change of name at the Buenaventura project is one thing, the interesting snippet came in the report that quoted the regional director of Energy and Mining, one Jesús Durán, on the project. The interesting bit is that BVN apparently plans to build a 6,000tpd processing facility that will be fed by an underground operation and that number caught my eye because the last time we heard from BVN Chucapaca/San Gabriel, at the Denver Gold Forum earlier this year, the plan was based on the scoping study number of 3,000tpd. Thing is here, 6k tpd would bring mine life down to under 6 years if the current resource is all BVN has. That’s way too short a life for a company like BVN.
I get the feeling San Gabriel has got bigger since Gold Fields sold their part of it.