Peru’s Lagunas Norte mine, which global miner Barrick tried to sell earlier, will be placed on care-and-maintenance, CEO Mark Bristow announced on Tuesday, during a briefing updating community leaders and media in Argentina about the progress of the group’s operations in Latin America.
Following the January tour of the Latin American operations, Barrick announced in March that it had reversed a strategy to exit Peru and that it would consider a new plan for the Lagunas Norte mine, which produced 245 000 oz at an all-in sustaining cost of $636/oz last year.