The Lagunas Norte mine is one of the largest gold mines in
Peru
, image_flag = Flag of Peru.svg
, image_coat = Escudo nacional del Perú.svg
, other_symbol = Great Seal of the State
, other_symbol_type = National seal
, national_motto = "Firm and Happy f ...
and in the world.
The mine is located in the north-western part of Peru in
La Libertad Region, 140 kilometers from
Trujillo.
At the end of 2018, the mine produced 245,000 ounces of gold and estimated reserves of 3.95 million oz of gold.
In 2019, Barrick announced that it had placed the mine on care and maintenance. In February 2021, Barrick reached an agreement to sell its 100% interest in the Lagunas Norte to Boroo Pte Ltd ("Boroo") for a total consideration of up to $81 million, plus the assumption by Boroo of Barrick’s closure liability relating to Lagunas Norte of $226 million backed by an existing $173 million bonding obligation. On 1 June 2021, the sale was completed and Boroo says Lagunas Norte represents a transformative opportunity as the its goal is to become a mid-tier producer in the near term. Boroo plans to initiate the next phase of the project to recover carbonaceous oxide ore and also has longer term plans to mine the high sulphur refractory ore below the oxide zone.
See also
*
List of mines in Peru
*
Zinc mining
Zinc mining is the process by which mineral forms of the metal zinc are extracted from the earth through mining. A zinc mine is a mine that produces zinc minerals in ore as its primary product. Common co-products in zinc ores include minerals of le ...
References
{{DEFAULTSORT:Lagunas Norte Mine
Gold mines in Peru
Barrick Gold