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Galeno

Project Stages

The development stages in the projects are displayed in the standard sequence for the industry. However, projects may be developed in a different sequence because of corporate decisions or events that push the owner to repeat stages. To access the full details of this project’s history please explore its milestones


Early Works
Current Stage: Environmental & Social evaluation
Start: 12/2007
In Construction
Operation
In production
Start:12/2021
Project Details

Description

The Galeno copper-gold-molybdenum porphyry property consists of four mining concessions covering 1,347ha. Development of the deposit is expected to cost approximately US$2.5bn for production of 144,000t/y of copper concentrates over a 22-year mine life. During the construction phase, 2,500 jobs will be created, while the operational phase will require 350 long-term workers.

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Related Companies

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

  • * Changes to original budget estimates are shown as the total figure available and may include interest, working capital, inflation adjustments and other contingencies in addition to capital expenditure.

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Key Specs

Full Name
Galeno
Project Type
Copper, Gold, Molybdenum, Silver
Development Phase
Environmental & Social evaluation
Project Status
Active
Project Capacity
350,000  t/y (tons per year)  Copper
82,000  oz/y (ounces per year)  Gold
2,300  t/y (tons per year)  Molybdenum
2  Moz/y (million ounces per year)  Silver
Investment
US$ 3.5bn
Completion Date
2021
Lifespan
22
Location

El Galeno is located 600km north of Lima, between Encañada and Sorochuco districts, in Peru's Cajamarca department. The property elevation ranges from 3,800m to 4,200m above sea level.

* The map coordinates represent the approximate latitude and longitude, and not the exact location of the project.


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Owner / operator
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