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Canadian miner to expand Peruvian gold mine
Canada’s Sierra Metals has announced plans to expand the output of its Yauricocha mine in Peru to some 5,500 tonnes per day, an increase of 66%, according to a statement.
The Toronto-based miner unveiled the plans as it published the results of a preliminary economic assessment (PEA) on the Yauricocha mine.
"Sierra Metals is planning to expand the Yauricocha mine through sustainable growth stages from its current 3,000 TPD, to 3,600 TPD in Q1 2019, and to 5,500 TPD in 2021. Engineering studies support the increased processing capacity at the Chumpe ore processing plant of up to 5,500 TPD," Igor Gonzales, the president and CEO of Sierra Metals, as quoted in the statement.
The Canadian company says it owns and operates three mines in commercial production: the Yauricocha mine, and two mines in Mexico, the Bolivar and Cusi.