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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (37463)	5/21/2009 7:37:09 PM
From: LoneClone	Read Replies (1) \| Respond to of 193918

Yamana's Argentine mine to open for business soon Thu May 21, 2009 5:18pm EDT reuters.com LIMA, May 21 (Reuters) - Yamana Gold's (YRI.TO) new Argentine mine Gualcamayo will start commercial operations in the second half of 2009 and then ramp up production to 200,000 ounces a year, the exploration chief for the company said on Thursday. "Now, in the middle of this year or in July we'll be producing commercially, and in the coming year at full (capacity)," Walter Soechting said at a mining conference in Lima. He said that Gualcamayo, which required some $250 million in investments by its Canadian parent, has reserves of 3 million ounces of gold and another 1 million ounces of resources. The mine has already been working in test runs. "We will be producing about 200,000 ounces a year. We think it will last easily for 15 years of production," he said. (Editing by Jim Marshall)