Buenaventura Reports Temporary Suspension Of Mining Activities At Colquijirca's Tajo Norte Mine
Portfolio Pulse from Benzinga Newsdesk
Buenaventura has announced a temporary suspension of mining activities at Colquijirca's Tajo Norte mine for up to three years. The company has submitted a notice to the Peruvian Ministry of Energy and Mines (MINEM). Regular mining operations will continue at the Marcapunta underground mine.
October 03, 2023 | 10:03 pm
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Buenaventura's decision to suspend mining activities at the Tajo Norte mine could potentially impact the company's production and revenues in the short term.
The suspension of mining activities at one of Buenaventura's mines could lead to a decrease in the company's production output, which could in turn impact its revenues. However, the continuation of operations at the Marcapunta mine could help mitigate some of this impact.
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