Precious Metals

Reuters reported that Yanacocha, a subsidiary of Newmont Mining (NYSE:NEM), will nearly double its production of gold by 2017.

Reuters reported that Yanacocha, a subsidiary of Newmont Mining (NYSE:NEM), will nearly double its production of gold by 2017.

The market news is quoted as saying:

“We are now at 1.3 million ounces and including Conga and a series of projects we will have gold production of 2.5 million ounces in 2017,” said Thomas Savage, Regional Vice President for Newmont at the Perumin conference in Arequipa.

To read the full market news, click here.

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