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2mo ago

Newmont Commits $800 Million to Restart and Expand Cerro Negro in Argentina

A six-year program targets higher output from 2028 to extend the mine’s life beyond 2035.

Newmont anunció una inversión de u$s800 millones para ampliar Cerro Negro y extender la vida útil del yacimiento más allá de 2035.
La minera Newmont invertirá US$800 millones para ampliar la mina de Cerro Negro, en la provincia de Santa Cruz

Overview

  • Newmont and Santa Cruz officials confirmed a plan to resume the Cerro Negro Expansión 1 project with capital deployed over six years.
  • More than 30 surface and underground works are slated to stabilize operations and raise annual production from 2028.
  • The company will preserve current employment and add about 270 execution-phase jobs with a priority on local hiring and Santa Cruz suppliers.
  • Governor Claudio Vidal called the investment a vote of confidence that supports employment, predictability and planning for local communities.
  • Company leaders emphasized a new expansion stage focused on safety, operational discipline and building local skills at one of Argentina’s top gold exporters.