Mineral Extraction Fields

Expanding Horizons: TC’s Strategic Gold Mining Ventures in Peru and Turkey

Perú

Gold mining in the Tayabamba region of Peru has been a significant economic activity for decades. The region is known for its rich gold deposits, attracting large-scale mining operations and artisanal miners. 

After a few years of exploration, we plan to start mining in three Perú mines in Q4 2024. Tayabamba 1, Tayabamba 2, and Huanaco 1 are great opportunities, and we expect to start many more operations in 2025 and 2026.

 

Turkey

Gold mining in Turkey has a long history, dating back thousands of years to ancient civilizations such as the Hittites and Lydians. Today, Turkey is one of the leading gold producers in Europe and the Mediterranean region.

Gold mining plays a significant role in Turkey’s economy, contributing to employment, infrastructure development, and export revenue while posing challenges that require careful management.

TC plans to start its extraction operation in Q1 2025 on a 108-hectare concession, which has been explored for five years and has proven to have significant gold reserves.