OPERATIONS Chile

Chile

Salares Norte: Among the lowest-cost mines globally

Located about 4km above sea level in the 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 brownfield exploration ongoing.

Mine

  • Salares Norte: 2 open pits
    Life-of-mine (LOM): 11 years

Sustainability

  • A modern, more environmentally friendly dry-stack tailings method significantly reduce water use.
  • The PV plant has been granted environmental approval and the final investment decision is under evaluation.

Community and regional development

  • Partnerships with local municipalities and Colla Indigenous Peoples, with a focus on education and healthcare initiatives, in addition to environmental protection and safety.

Key stakeholder numbers

  • Employees & contractors: 3,442 (561 employees)
  • Women in mining: 25% (59% in core mining roles)
  • Workforce from host communities: 28% of employees
  • Host community suppliers: 217
  • Community investments (socioeconomic development): US$0.9m
Based on 2025 data