Focused on leadership in the Americas
Lowest-cost, fastest growing senior gold producer.
Message: Penasquito on track to open Jan 1, 2010
Your Vote:
Did you know?
You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)
Goldcorp's Penasquito on track to open Jan 1, 2010
Thu Sep 24, 2009 3:00pm EDT
CUERNAVACA, Mexico, Sept 24 (Reuters) - Canadian miner Goldcorp (G.TO: Quote, Profile, Research, Stock Buzz) is set to begin commercial production at its massive Penasquito gold deposit in central Mexico on Jan. 1, 2010, the company's Mexico director said on Thursday.
Salvador Garcia told Reuters that the mine would still be developed within the planned budget for the project.
Once Penasquito reaches peak production in about five years the mine is expected to produce 500,000 ounces of gold a year over its 22-year life. (Reporting Mica Rosenberg)
© Thomson Reuters 2009. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world.
Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
Loading...
Loading...
New Message
Please
login
to post a reply