BHP-Lundin JV Minera Vicuna Announces $18B Copper, Gold, Silver Project in Argentina; Phase 1 Invests $7B

Published: Feb 25, 2026 16:00

Save

The first phase of investment, totaling $7 billion, is allocated to the Josemaria and Filo del Sol projects, with construction scheduled from 2027 to 2030. Upon full operation, the project is expected to produce an average annual output of 395,000 mt of copper, 711,000 ounces of gold, and 22.2 million ounces of silver over the first 25 years; cumulative production in the first decade is projected to reach 2.5 million mt of copper, 5.5 million ounces of gold, and 214 million ounces of silver. Development will proceed in three phases: the first phase focuses on the Josemaria deposit, while the second and third phases prioritize the Filo del Sol deposit.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Spot Market and Domestic Inventory Brief Review (February 26, 2026) [SMM Silver Market Weekly Review]

1 hour ago

Silver Market Price Review and Expectations Brief Commentary (February 26, 2026) [SMM Silver Market Weekly Review]

1 hour ago

Common.Time.hoursAgo

Silver Prices in the Doldrums, Spot Market Supply Increases with a Slight Reduction in Premiums [SMM Daily Review]

Common.Time.hoursAgo

Related News

Spot Market and Domestic Inventory Brief Review (February 26, 2026) [SMM Silver Market Weekly Review]

Feb 26, 2026 17:22

Silver Market Price Review and Expectations Brief Commentary (February 26, 2026) [SMM Silver Market Weekly Review]

Feb 26, 2026 17:03

Silver Prices in the Doldrums, Spot Market Supply Increases with a Slight Reduction in Premiums [SMM Daily Review]

Feb 26, 2026 12:00

Hong Kong Financial Secretary Chen Maobo: Proposed Tax Incentives for Gold Trading and Settlement Institutions

Feb 25, 2026 17:46