Yanacocha Gold Mine Royalty – Peru

About This Project

Gold stream royalty on production from Yanacocha — Latin America's largest gold mine, a joint venture between Newmont (51.35%), Buenaventura (43.65%), and the IFC (5%). The mine has produced over 33 million ounces since 1993. The royalty entitles investors to purchase 2% of quarterly gold production at a fixed delivery price of $420/oz, which can be sold at spot. At current gold prices (~$2,350/oz), this generates a gross margin of $1,930/oz delivered. Yanacocha's Sulfides expansion project (Newmont, $2.5B) targets a 30-year mine life extension starting 2026.

Executive Summary

2% gold stream at $420/oz fixed delivery vs $2,350 spot. LatAm largest gold mine, Newmont JV. Sulfides expansion adds 30 yrs life.