Vicuna Corp, controlled by BHP and Lundin Mining, plans an $18 billion investment to develop copper, gold, and silver projects in Argentina. Initial investments focus on the Josemaria and Filo del Sol sites with production set to begin by 2030, projecting significant output over 25 years.
In a significant development, Miner Vicuna Corp, overseen by Australia’s BHP and Canada’s Lundin Mining, has unveiled an ambitious $18 billion investment plan. The company intends to develop major copper, gold, and silver mining projects in northern Argentina, as announced on Monday.
The initial $7 billion investment will focus on the Josemaria and Filo del Sol projects in San Juan province. Capital deployment is scheduled from 2027, with production anticipated to start by 2030, according to a statement by Vicuna.
Over the first 25 years, the projects are expected to yield an average of 395,000 tons of copper, 711,000 ounces of gold, and 22.2 million ounces of silver annually. The development will proceed in three stages, initially concentrating on the Josemaria deposit.