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

Salient points

ATTRIBUTABLE MINERAL RESERVES

4.2Moz GOLD, 336Mlb COPPER and 41.9Moz SILVER

Proved and probable

ATTRIBUTABLE MINERAL RESOURCES (EMR)

0.2Moz GOLD, and 2.2Moz SILVER

Measured and indicated

0.1Moz GOLD, and 0.1Moz SILVER

Inferred


Based on 2023 data