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Home  >  Portfolio  >  Development Projects  >  Cerro Casale & Caspiche

Cerro Casale & Caspiche

Goldcorp owns 50% of Cerro Casale and Caspiche, one of the largest gold-copper discoveries in South America.

Quick Facts
Location Atacama Region, Chile
District Mariucunga
Ownership 50% (operated jointly by Goldcorp and Barrick)
Type of Mine Open pit
Goldcorp’s share of:
Gold Reserves (proven and probable) 23.2 million ounces (100% basis)
Gold Resources (measured and indicated) 26.4 million ounces
Gold Resources (inferred) 7.8 million ounces
Copper Reserves (proven and probable) 5.8 billion pounds
Copper Resources (measured and indicated) 7 billion pounds
Copper Resources (inferred) 2.6 billion pounds

Cerro Casale and Caspiche are two gold-copper deposits 12 kilometres apart in the Atacama region of northern Chile. We acquired the projects in 2017, and are developing them under a 50/50 joint venture with Barrick Gold Corporation.

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

Recruitment and logistics for geological work – completed

Re-logging core and updating geological models – begun

Developing a five-year exploration program

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 Cerro Casale & Caspiche.