Mining Intelligence and News
Peru

Yanacocha Mine

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Yanacocha Mine

Location: 20 km N from Cajamarca, Peru

Regional Office:

Av. La Paz 1049 5th Floor Miraflores
Lima
Peru

Contacts:

Additional Resources for Suppliers & Investors

Categories

Summary

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
  • Silver
  • Copper
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotYanacocha is a medium-sized mine, and is the second largest gold producer in Peru.

The Yanacocha Complex mined material from the Yanacocha Layback and Yanacocha Pinos, which has had limited mining operations in recent years, finished mining operations in 2022. The Maqui Maqui operations mined material from multiple mines that are no longer in operation. The Yanacocha Gold Mill ceased current operations in February 2021 and has been placed into care and maintenance. It will be repurposed for use as part of the Yanacocha Sulfides project. The Carachugo leach pad processes oxide material from Quecher Main, which is a new open pit within the existing footprint of Yanacocha. This project went into commercial production in October 2019

In the second quarter of 2023, the Company announced the deferral of the full-funds investment decision for the Yanacocha Sulfides project in Peru for at least two years, currently estimated to occur in 2026.

Owners

SourceSource
CompanyInterestOwnership
Newmont Corp. (operator) 100 % Indirect
Minera Yanacocha S.R.L. (operator) 100 % Direct
The Yanacocha project is 100% owned by Newmont through its wholly-owned Subsidiary Minera Yanacocha S.R.L.
SourceSource

Deposit type

  • Epithermal
  • Volcanic hosted

Summary:

Yanacocha is an epithermal type deposit of high sulfidation hosted in volcanic rock formations. Gold is associated with ironoxides and pyrite.

The Yanacocha gold district is a 10x4km zone of altered rocks within a belt of tertiary volcanics that extends the whole length of Peru. Andesitic domes and dome complexes have been silicified and leached by epithermal gold-bearing solutions in at least nine distinct deposits. The mineralised sequences, which can also contain significant amounts of silver, are flanked by extensive argillitic alteration, and subsequent events have created siliceous breccia pipes with localised high gold grades.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Commodity Production

CommodityUnits2024202320222021202020192018201720162015
Gold koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe527 515 535 655 918 
Silver koz  ....  Subscribe  ....  Subscribe7371,0761,039457
All production numbers are expressed as metal in doré. ^ Guidance / Forecast.

Operational metrics

Metrics202320222021202020192018201720162015
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe38,245 k tons29,862 k tons26,866 k tons31,897 k tons40,834 k tons
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe14,459 k tons23,380 k tons35,583 k tons58,429 k tons39,793 k tons
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe52,704 k tons53,242 k tons62,449 k tons90,326 k tons80,627 k tons
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe39,871 k tons31,436 k tons29,755 k tons36,476 k tons43,328 k tons

Production Costs

CommodityUnits20242023202220212020201920182017
Credits (by-product) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -8 / oz   -39 / oz   -33 / oz  
Cash costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 714 / oz   754 / oz   857 / oz  
Total cash costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 756 / oz **   813 / oz **   939 / oz **  
All-in sustaining costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 959 / oz **   967 / oz **   1,194 / oz **  
^ Guidance / Forecast.
** Net of By-Product.

Mine Financials

Units20242023202220212020201920182017
Capital expenditures (planned) M USD  ....  Subscribe
Sustaining costs M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Growth Capital M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 185   117.6   53.7  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 734.5   635.4   645.2  
Operating Income M USD  ....  Subscribe 6   -22.6   -154.1  
Gross profit M USD  ....  Subscribe 45.4   59   -81.9  
Pre-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -30.3   -52.2   -168.4  
After-tax Income M USD  ....  Subscribe -95.3   -81.5   -175.5  

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Oct 15, 2024
....................... Subscription required ....................... Subscription required Subscription required Oct 15, 2024
....................... Subscription required ....................... Subscription required Subscription required Oct 15, 2024
....................... Subscription required ....................... Subscription required Subscription required Oct 15, 2024
....................... Subscription required ....................... Subscription required Subscription required Oct 15, 2024
....................... Subscription required ....................... Subscription required Subscription required Oct 15, 2024
....................... Subscription required ....................... Subscription required Subscription required Oct 15, 2024

Workforce

EmployeesYear
...... Subscription required 2023
...... Subscription required 2022
...... Subscription required 2021
...... Subscription required 2020

Aerial view:

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