Peruvian miner Compañia de Minas Buenaventura said it has received approval of its Environmental Impact Assessment (EIA) for its Yumpag silver project by the Peruvian Environmental Certification authority (SENACE). The approval of the EIA is a key milestone toward enabling the company to develop Yumpag and brings Buenaventura closer to the production phase. The company said it will submit a request to the Peruvian Ministry of Energy and Mines to obtain the necessary authorizations to start the exploitation of the deposit.

“The environmental approval of the Yumpag project is a significant step in the process of taking the project into production,” said Leandro Garcia, CEO, Buenaventura. “We appreciate the work done by all who were involved in their review process, as it validates and recognizes Buenaventura’s high operational standards in Peru, including the company’s commitment to local communities.”

Located near Buenaventra’s Uchucchacua mine in Pasco Region of Peru, the Yumpag deposit has an inferred resource of 1.12 million metric tons (mt) with a grade of 23.8 oz/mt silver. The most important geological structure identified to date is the Camila vein, which presents a bonanza-type silver-bearing mineralization. The deposit is very similar to Uchucchacua and will be integrated into it via a tunnel at the 3850 Level.