In development: a growing gold/silver deposit 50 kilometres from Peñasquito.
At the Camino Rojo gold/silver project—an advanced-stage district project near the Peñasquito mine the focus of an ongoing pre-feasibility study work has shifted to the evaluation of the project as a supplemental ore source to the existing Peñasquito facility, in addition to a small, stand-alone oxide heap leach plant. This approach has the potential to generate the highest rate of return given the significantly lower capital costs versus building a separate processing facility at Camino Rojo.
The acquisition of Camino Rojo’s 3,389-square kilometre concession in 2010 nearly quadrupled Goldcorp’s land holdings in the area. The project area includes the Represa deposit, which contains proven and probable reserves of 1.63 million gold ounces and 32.07 million silver ounces (as of December 31, 2013).