The environmental approval for the project is a crucial step for
The potential mine would present a boost for the regional economy with respect to job creation, procurement of goods and services as well as payments of taxes and royalties. It is estimated that about 2,700 jobs would be created during construction of the mine, which – if given the go-ahead by
Operational parameters for Salares Norte
The Salares Norte project is located in the Diego de Almagro municipality in the
Key findings of the feasibility study, announced in
- Capital cost of
US$834m for construction - A maiden Mineral Reserve of 3.5Moz of gold and 39Moz of silver was declared in
December 2018 . The gold-equivalent Mineral Reserve is 4.0Moz. - Initial 12-year life-of-mine
- Annual throughput of 2Mt of ore
- Life-of-mine production of 3.7Moz gold-equivalent
- Average annual production of 450koz gold equivalent for the first seven years at AISC of
US$465 /oz
Notes to editors
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