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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Irwin Financial Corp | NYSE:IFC | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.48 | 0.00 | 01:00:00 |
From May 2019 to May 2024
Peruvian precious metals mining company Compania de Minas Buenaventura SAA (BVN, BUENAVC1.VL) approved full funding for its 43.65%-owned Minas Conga gold project.
Conga is Peru's largest gold project and located in Cajamarca region.
The project has an estimated capital cost of $4.0 billion to $4.8 billion, which includes $1.7 billion to $2.0 billion in capital expenditures attributable to Buenaventura.
Initial production is expected to begin in late 2014 or early 2015. Average output during the first five years will be 580,000 to 680,000 ounces of gold and 155 million to 235 million pounds of copper, Buenaventura said.
Newmont Mining Corp. (NEM) has a 51.35% stake in the project and the World Bank's International Finance Corporation holds the remainder.
-By Ryan Dube, Dow Jones Newswires; 51-1 9454 043 802; peru@dowjones.com
1 Year Irwin Financial Chart |
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