Newmont restarts operations at Cerro Negro gold mine, reinforces expansion plans in Argentina - BNamericas

AI desk brief

Newmont is gradually restarting operations at Cerro Negro in Argentina after Santa Cruz lifted a temporary suspension, and is pressing ahead with nearly US$860mn of investment to extend the mine’s life beyond 2038. The company also plans to allocate US$60mn for a new open-pit area, with Cerro Negro expected to produce about 220,000oz of gold in 2026 and create around 100 jobs.

The update underscores continued capital commitment to Argentine gold production, with Newmont emphasizing safety, environmental compliance and a stable regulatory backdrop as prerequisites for long-term investment.