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

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Roadways and containers at Dock Sud Port in Avellaneda, Buenos Aires province, Argentina, on Feb. 26, 2026. Luis Robayo/AFP via Getty ImagesNewmont 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.

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