Gold Fields prepares investment in Peru's Cerro Corona

South Africa’s Gold Fields is preparing a US$44mn investment in its Cerro Corona mine in Peru. 

The company plans to improve the tailings and water transport system, the mineral crushing circuit and the concentrator at the gold-copper deposit in Cajamarca region. 

According to a report sent to environmental certifier Senace, the works will begin this year and will be completed in 2026. 

The report – known as the first technical support report (ITS) of the IX modification of the environmental impact study – is already under evaluation, and was prepared by consulting firm Yaku. It can be downloaded from the Documents box in the top-right corner of the screen.

In Peru, mining companies send ITS documents to the environmental regulator when they propose modifications that will not have a significant environmental or social impact.

According to the report, there are four proposed changes. The budget allocated to each is as follows:

Project	Amount (US$ millions)
Modification of the tailings and recovered water transport system of the in-pit tailings deposit	36.3
Optimization of the aggregates plant for use as part of the crushing stage of the concentration plant	5.8
Optimization of the pebble crushing circuit	0.25
Optimization of the contingency landfill design	1.77
Total	44.1

Source: Gold Fields

According to Gold Fields, Cerro Corona produced 41,500oz of gold equivalent in 3Q24, up from 36,500oz the previous quarter. Cerro Corona’s mine life currently runs until 2030.