Goldcorp Inc (G.TO) today announced it has received Santa Cruz authorities' approval of the amended Environmental Impact Assessment for the development and construction of the Cerro Negro gold project.
The Cerro Negro gold project is a high-grade deposit located on the Patagonian plains of southern Argentina. Production is expected to average approximately 550,000 ounces of gold in its first five full years in production, says Goldcorp.
The approval of the amended EIA allows for construction of the plant with throughput increased from 1,850 tonnes per day to 4,000 tonnes per day and the concurrent development and mining of three underground vein deposits: Eureka, Mariana Central and Mariana Norte. Development of Eureka has advanced on schedule, and development of Mariana Central and Mariana Norte will now commence immediately, Goldcorp said in a statement.
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