MINING REFINING

Gold Fields starts production at Salares Norte mine in Chile

Wed April 03 2024

Globally diversified gold producer Gold Fields has commenced production at its Salares Norte mine in Chile’s Atacama province with the first pour of gold-silver doré. This marks a significant achievement for the company, which has developed the project from discovery to production over the past 13 years.

Both Circuit A and Circuit B of the processing plant at Salares Norte have been commissioned and are now under the management of the operational team. The mine’s ramp-up to steady state is under way, with gold equivalent production expected to reach 250koz in 2024 at an all-in cost (AIC) of between $1,790 per equivalent ounce (eq oz) and $1,850/eq oz.

For the year 2025, production volumes are anticipated to increase to 580koz. In the first five years, the average gold equivalent production is projected to be 485koz annually at an AIC of $790/eq oz.

Source: https://www.mining-technology.com/