Volcan: between joint venture with Antofagasta Minerals and investments in its Romina project | Companies | mining | Gold | Silver | Antofagasta Minerals | Volcano | economy

Despite a complicated financial situation Volcano Mining CompanyThe Peruvian mining company announced earlier in the year that it intends to invest US$100,000 to upgrade and improve the tailings transportation system at its Carahuacra mine (STR).of June), which produces copper, lead and zinc concentrates. Now, the company continues to evaluate alternatives to secure financing and implement cost-cutting measures. Romina Polymetallic Project (Huaral), meeting its financial obligations, in addition to moving forward with mining exploration Antofagasta Minerals.

In its presentation of financial statements at the end of 2023, Volcano Its annual revenue fell 8.1% to US$891 million, translating into a loss of US$10 million. Meanwhile, total cost of goods sold decreased by 4.9%, from USD 762.7 million in 2022 to USD 725.5 million in 2023.

In relation to him Annual productionThe VExtracted oleums increased by 13.2%, from 8,287 thousand tons (metric tons) in 2022 to 9,383 thousand metric tons in 2023. Similarly, treatment volume increased by 4.8% from 8,997 thousand metric tons to 9,429 thousand metric tons. For its part, the company produced 242,000 tonnes

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