LEADERSHIP

Colombia could be on Peru road, says Newmont chief

LatAm footprint growing in 'safe' jurisdictions

Staff reporter

This article is 7 years old. Images might not display.

Speaking on a conference call, Goldberg said Newmont's latest deal to buy 50% interest of the Galore Creek copper-gold project in Canada did not necessarily reflect a "pivot towards safe jurisdictions" by the company. While Goldberg agreed with an analyst on the call that resource nationalism uncertainty in different parts of the world would be a factor weighed by Newmont in its assessment of investment opportunities, "we continue to go where the best assets and the best potential profile is".

"We've got a footprint that's in four jurisdictions that allows us to take a look at potential opportunities in all those four jurisdictions; Canada being one and we think this is a good [jurisdiction].

"We've just opened up [a Medellin office] in Colombia. We see that as a strategic toehold towards what we see as an improving situation there and something that looks good. Much like we saw with Peru 20 years ago, we see now with Colombia.

"So I wouldn't say we're rushing in any certain direction, we're going where it makes sense.

"I think our view is working alongside Teck [at Galore Creek] makes good sense there, too."

Denver-based Newmont operates South America's largest gold mine at Yanacocha in Peru, and also the Merian mine in Suriname.

 

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.