The fate of Bluestone Resources’ Cerro Blanco gold-silver project is to be decided this Sunday as Guatemalans vote in a referendum to either allow the mine to go ahead or halt its development over environmental concerns.
The change in mining method responded to the results of advanced engineering and optimization work that revealed an opportunity to capitalize on the project’s near-surface, high-grade mineralization through an open-pit development scenario. In fact, the assessment showed aand production profile, which effectively tripled the NPV5% of the project to $907 million.environmental groups
The Lempa River, which originates in Guatemala, also serves dozens of Guatemalan and Salvadoran farming communities, while hundreds of fishers fear potential negative impacts on the Güija lagoon fish populations.
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