World’s Biggest Gold Producer to Invest $540 Million in Argentina Mine
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Newmont Corp., the world’s biggest gold producer, plans to invest a total of $540 million to extend the life of a key mine in Argentina, the government said.
The project will extend the Cerro Negro operations in Santa Cruz province to 2034, the government said in an emailed statement Wednesday. The Denver-based company later confirmed the investment, saying it was expected to boost production to more than 350,000 ounces from 2024 and provide a platform for further exploration and additional expansions.