Goldcorp receives permission for Cerro Negro project

22 December 2011: GOLDCORP received the approval of the amended Environmental Impact Assessment (EIA) by Provincial authorities in the province of Santa Cruz for the development and construction of the Cerro Negro gold project, a high-grade deposit located on the low-elevation Patagonian plains of southern Argentina. With production expected to average approximately 550,000 ounces of gold in its first five full years in production, Cerro Negro is well-positioned as Goldcorp's next cornerstone gold mine.

The receipt of approvals following a straight forward permitting process with the Santa Cruz provincial authorities is a major milestone. The approval of the amended EIA allows for construction of the plant with throughput increased from 1,850 tonnes per day to 4,000 tonnes per day and the concurrent development and mining of three underground vein deposits: Eureka, Mariana Central and Mariana Norte. Development of Eureka has advanced on schedule, and development of Mariana Central and Mariana Norte will now commence immediately.

Source: Yourindustrynews