In development: A world-class copper-gold project in one of the world’s great mining jurisdictions.
The El Morro project represents Goldcorp’s re-entry into Chile, one of the world’s great metals-producing countries. Goldcorp holds 70% ownership and is the project’s operator, with the remaining 30% held by New Gold. El Morro promises to be a major low-cost gold and copper producer with significant exploration potential, long mine life and strong future cash flow. At December 31, 2013, proven and probable reserves (in situ) totaled 6.7 million ounces of gold (70% basis) and 4.9 billion pounds of copper (70% basis).
Following the Company's fourth-quarter 2014 decision to withdraw the Environmental Impact Study for the El Morro copper-gold project in Chile, project activities during 2015 will focus on a new development plan for the project that meets Goldcorp's investment return criteria. The Company remains committed to continued productive interaction and engagement with the adjacent communities and regional authorities.