Agua Rica is a large-scale copper, gold, silver, and molybdenum deposit located in the province of Catamarca, Argentina, with proven and probable gold mineral reserves of 7.4 million ounces, while proven and probable copper mineral reserves of 11.8 billion pounds.
“The result is a significantly de-risked project with a smaller environmental footprint and improved efficiencies, creating one of the lowest capital intensity projects in the world as measured by pound of copper produced and in-situ copper mineral reserves, with further potential for optimization and upside,” said Yamana in a press release.
“The integration effectively turns what was a greenfield project into a much lower risk brownfield project,” said Peter Marrone, Executive Chairman of Yamana.
“Leveraging existing infrastructure enhances project economics, simplifies permitting, and reduces the project’s environmental footprint, thereby significantly enhancing the value of the project.”
