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Norte Abierto

Goldcorp is a 50% joint-venture partner in Norte Abierto, one of the largest gold-copper discoveries in South America.

Quick Facts
Location Atacama Region, Chile
District Maricunga Belt
Ownership 50% (operated jointly by Goldcorp and Barrick)
Type of Mine Open pit
Goldcorp’s share of:
Gold Reserves (proven and probable) 11.62 million ounces
Gold Resources (measured and indicated) 13.31 million ounces
Gold Resources (inferred) 3.92 million ounces
Copper Reserves (proven and probable) 2.89 billion pounds
Copper Resources (measured and indicated) 3.38 billion pounds
Copper Resources (inferred) 1.31 billion pounds
For additional information on the above reserves and resources for Cerro Casale as of December 31, 2016 and resources for Caspiche as of April 11, 2012, refer to the R&R table

Norte Abierto project is being developed under a 50/50 joint venture with Barrick Gold Corporation. The two gold-copper deposits, acquired in 2017 and formerly named Cerro Casale and Caspiche, are 12 kilometres apart in the Atacama region of northern Chile.

We plan to use the same innovative model set by NuevaUnión, where two partners are combining two large projects into a single asset. This approach:

  • reduces capital and operating costs
  • reduces our industrial and environmental footprint
  • increases financial returns.

Key development milestones

Key project activities in 2018 include:

An updated geological model for Cerro Casale, Caspiche and Luciano is expected by September 2018 including core relogging at Cerro Casale and Caspiche deposits and a drill program to increase geological confidence

Commence pre-feasibility study which will include trade-off and engineering studies on power, water, mining methods and metallurgy

Commence stakeholder engagement including environmental baseline monitoring

Goldcorp has included non-GAAP performance measures on a attributable basis (Goldcorp share) on this page. Attributable performance measures included Goldcorp’s mining operations and projects and Goldcorp’s shares from Cerro Casale & Caspiche.