Report summaryYanacocha was the first modern major gold mine to be developed in Peru. Yanacocha pays royalties of 3% of net sales (NSR) to SMRL Chaupiloma Dos de Cajamarca. This company is owned by Newmont (40%), Cedemin (40%) and Buenaventura (20%). Cedemin and is owned 100% by Buenaventura (i.e. Buenaventura owns 60% of Chaupiloma). Yanacocha maintains tax stability contracts with the Peruvian government. For La Quinua the agreement applies until 2018, for Yanacocha Norte until 2014, for Maqui Maqui...
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