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Newmont to Invest $800 Million to Expand Cerro Negro Mine in Argentina

Expanding the project is expected to add more years to the gold mine as Argentina’s mineral exports continue to prosper.
Newmont to Invest $800 Million to Expand Cerro Negro Mine in Argentina
Roadways and containers at Dock Sud Port in Avellaneda, Buenos Aires province, Argentina, on Feb. 26, 2026. Luis Robayo/AFP via Getty Images
Jill McLaughlin
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Newmont Corporation has committed $800 million to expand mining at Cerro Negro in Argentina, the Minister of Economy Luis Caputo announced on X, as confidence in the country’s mining sector continues to grow.

“This investment aims to strengthen the company’s operational safety, boost employment, and promote regional development,” Caputo wrote on Feb. 24.

Jill McLaughlin
Jill McLaughlin
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Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.