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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
Goldcorp’s share of:
Gold Reserves (proven and probable) 4.46 million ounces
Gold Resources (measured and indicated) 610,000 ounces
Gold Resources (inferred) 3.23 million ounces
Copper Reserves (proven and probable) 8.3 billion ounces
Copper Resources (measured and indicated) 1.8 billion ounces
Copper Resources (inferred) 5.1 billion ounces

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 the second half of 2017

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.