Asset Report

Conga copper mine project

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26 May 2017

Conga copper mine project

Report summary

The project is comprised by open pit mining and a mill with 96kt/d ore processing capacity to produce a gold and copper concentrate. The deposit is located 30km east of Newmont's Yanacocha gold operations in Peru, roughly 600km north of Lima and 73km northeast of Cajamarca. A feasibility study was completed in 2004. The Environmental Impact Statement (EIS) was approved in Q1 2011 and funding was approved in Q3 2011; however the project was suspended in November 2011 following severe local conflicts.   In 2016, the reserves were reclassified as resources. The accompanying analysis conservatively assumes first production in 2024.

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