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Gold Fields on its Peru production outlook for 2024: "We are optimistic and Peru will benefit more" - euro.eseuro.com

Sunday, 17 December 2023

The South African capital company increased its stake in Chakana Copper for exploration in the Soledad project, in Áncash.

Production at the Cerro Corona project in Cajamarca will end in 2023 exceeding 240 thousand equivalent ounces of gold, said the executive vice president of the Americas Region of Gold Fields, Luis Rivera.

Cerro Corona is located in the Cajamarca region, province and district of Hualgayoc, in the El Tingo farming community.

Balance and perspectives

Luis Rivera, representative of the South African capital company for America, said in an interview with Rumbo Minero that gold production at the end of this year will remain unchanged compared to what was recorded last year.

“Our production has been above 240 thousand ounces of gold equivalent, without safety incidents. “We are doing very well, positively, production without problems,” he said.

The geologist engineer highlighted that in the last month Gold Fields once again ranked fourth with the highest reputation in the country.

“We are very satisfied with that. This year we have successfully launched our social programs, focused on agricultural development, improving the productive and livestock chain, and we have worked with the surrounding communities. “We have started the construction of two water dams,” he explained.

Regarding the outlook for next year, he commented that “the price of gold broke a record on Wednesday, a historical record, and we are optimistic and Peru will benefit more.”

More explorations

After his participation in the Mining After Office, organized by the Peruvian-Chilean Chamber of Commerce and Indimin, an artificial intelligence and productivity company for sustainable mining, Rivera pointed out that the South African Gold Fields seeks to initiate geophysical activities in the project in the south of the country , located in the upper part of Moquegua.

Likewise, regarding the Soledad copper, gold and silver project located in Áncash, he stated that they have begun drilling in the southern block. Gold Field has recently become a 20% stake in junior miner Chakana Copper.


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