Estudio Echecopar, member firm of Baker McKenzie International, advised BANCO BBVA PERU in connection with a USD 17 million leasing facility granted to SHAHUINDO S.A.C. for the construction of a leaching pad in its mining project located in Cajamarca, in the north of Peru.

The Shahuindo mining project is an open-pit, heap leach gold mine. Commercial production began in 2016 with current estimated mine life until 2028.

The team that advised BANCO BBVA PERU included partner Marco Alarcon and senior associate Luis Ernesto Marin.

Shahuindo is a subsidiary of Pan American Silver Corporation, a mining company based in Canada with operations in Latin America.