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Yanacocha is South America's largest gold mine, located in the province and department of Cajamarca, approximately 800 kilometers northeast of Lima, Peru. Yanacocha's operations are situated between 3,500 and 4,100 meters above sea level with development activities in four primary basins.
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What are the advantages and disadvantages of gold - . The advantages are that it is number one, a hedge against a falling currency, like the U.S. dollar.
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Yanacocha (Cajamarca Quechua: yana = "black, dark", qucha = "lake, puddle, pond, lagoon") is a gold mine in the Cajamarca region of the Northern Highlands, the poorest province of Peru. Considered to be the fourth largest gold mine in the world, it produced 0.97 million ounces of gold in 2014.
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