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NuevaUnión

Goldcorp is a 50% joint-venture partner in NuevaUnión, one of the largest undeveloped copper-gold-molybdenum projects in Latin America.

Quick Facts
Location Atacama Region, Chile
District Vallenar
Ownership 50% (operated by NuevaUnión)
Type of Mine Open Pit
Pre-Feasibility Study Parameters (100%)
Mine Life 36 years
Contained Reserve Gold Ounces 8.9 million
Contained Reserve Copper Pounds 17.9 billion
Plant Size (t/d): Phases 1 / 2 / 3 104,000 / 116,000 / 208,000
Avg. Annual Gold Prod. (oz): Phases 1 / 2 / 3 - / 395,000 / -
Avg. Annual Copper Prod. (klbs) : Phases 1 / 2 / 3 156,000 / 183,000 / 218,000
Gold Grade (La Fortuna ore) 0.48 g/t
Copper Grade 0.39%
Strip Ratio (waste to ore) 1.70 : 1
Operating Costs $12 to $13/t processed
Initial Capital – Phase 1 $3,400 to $3,500 million
Major Enhancement Capital – Phase 2 $2,600 to $2,700 million
Major Enhancement Capital – Phase 3 $1,000 million
Sustaining Capital $2,000 to $2,100 million
For additional information on El Morro’s June 30, 2017 reserves and resources and Relincho’s December 31, 2016 reserves and resources, refer to the R&R table

NuevaUnión is a copper-gold-molybdenum project that combines Goldcorp’s El Morro project and Teck Resources Ltd.’s Relincho project into a 50/50 joint venture. The projects are 40 kilometres apart in the Huasco Province of the Atacama region in Chile.

NuevaUnión is working on various development scenarios and a pre-feasibility study. Combining the two projects into a single development project is an innovative approach that has several benefits:

  • it reduces the cost of building new infrastructure
  • it reduces the environmental footprint
  • it streamlines the engagement with the local community.

Key development milestones

Strategic trade-off studies on the opportunities created by the combination – completed

Pre-feasibility study – expected completion in Q1 2018

Environmental impact assessment – expected completion in the second half of 2018

Visit the NuevaUnión website to learn more

Goldcorp has included non-GAAP performance measures on an attributable basis (Goldcorp share) on this page. Attributable performance measures include Goldcorp's mining operations and projects and Goldcorp's share from NuevaUnión.