IKN

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Newmont (NEM) suspends the Yanacocha Sulfides expansion project

Due to the rise of Pedro Castillo, Newmont (NEM) has put the build decision on its U$2Bn Yanacocha expansion project on ice. Not cancelled, but the gig won’t move forward until they are comfortable with the new Peruvian administration.

2 Comments

    Not surprising, IKN basically predicted this early in Feb. I’ve sold everything Peru based since then. Truely hope you were wrong about Ecuador though, as I can’t let go of my Solaris holdings just yet.

    Reply
    Tim Uzbekistan 03/05/21 2:46 pm

    Always a severely marginal project.

    Reply

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