Peru - Agreement to exploit projected The Trench

The governor of Cajamarca, Manuel Bacón Tanta, announced the renewal of the operations in the mining project The Trench, then that the communities of the province of Santa Cruz and the mining company Good luck, they should reach an agreement on the development of the mine.

The Trench will demand an approximate investment for 50 million dollars by the beginning of the operations, according to the Mining Good luck.

06-03-2010 Poder360
Peruvian Compañía de Minas Buenaventura will initiate golden production in subsidiary Mine-layer The Trench in July, 2010

The Peruvian Company of Mines Good luck informed that his Mining local daughter company The Trench - in which it possesses a participation of 53,06 %-it has planned to initiate his production from July, 2010.

The production of The Trench from 2011 will be 100.000 golden ounces per year.

The production foreseen for this year for Good luck would reach 30.000 golden ounces, a number similar to that of 2009 due to the reduction of the production in the Antapite unit.