The mine financing package would allow the company to maintain its current schedule for first gold production in Q4 2022.

For the first four months of the year, the market was in a 69,000 tonnes surplus compared with a 110,000 tonnes surplus in the same period a year earlier.

Miner will open a new office in Singapore to help lead the push around the region.

Pedro Castillo, a teacher from the highlands with no previous experience of national politics, takes office July 28.

Castillo says he wants to increase spending on healthcare and education by raising the funds from mining tax hikes.

The metal has been in a bull market for more than two years, and it’s not about to end soon, according to Goldman Sachs.

That estimate is nearly four times higher than an initial deal struck with mining companies in 2016.