OPERATIONS Chile

Chile

Salares Norte: Among the prospective lowest-cost mines globally

Set about 4km above sea level Atacama region of northern Chile’s Atacama desert, Salares Norte opened in 2024. This gold‑silver mine is set to become a key part of our portfolio, with brownfields exploration continuing.

Mine

  • Salares Norte: 2 open pits (one in development)
    Life-of-mine (LOM): 9 years

Sustainability

  • Modern, more environmentally-friendly dry-stack tailings method, reducing water usage significantly
  • Solar plant construction scheduled for 2025

Community and regional development

  • Partnerships with local municipalities and the Colla Indigenous Peoples, with a focus on education and healthcare initiatives, as well as environmental protection and safety

Key stakeholder numbers

  • Employees & contractors: 3,064 (467 employees)
  • Women in mining: 26% (52% in core mining roles)
  • Workforce from host communities: 28% of employees
  • Community investments: US$0.92m
Based on 2023 data