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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.


    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.

    Tim Uzbekistan 03/05/21 2:46 pm

    Always a severely marginal project.


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