Chile is the Fourth-Largest Gold Mine Producer in Latin America

Date: 2015-09-17

“• Investments in exploration in the Chilean mining landscape were approximately US$1 billion in 2012 in both greenfield and brownfield projects.

• According to the Chilean Copper Commission, the nation’s mining industry has investments worth US$112.5 billion planned over 2013–2021, of which US$9.3 billion is earmarked for gold and silver mining over 2013-2016. 

• Chile is the fourth-largest gold mine producer in Latin America after Peru, Mexico and Brazil, with production of 1.7 million ounces in 2013. The majority of the country’s gold mine production originates from the El Penon mine in the Antofagasta region (338,200 ounces), the Esperanza Project in the Antofagasta region (237,100 ounces), and the La Coipa mine in the Atacama region (162,400 ounces).

• The Chilean mining industry overall faces two major impediments: high energy costs stemming from insufficient generation and transmission, and shortage of water leading to higher cost of desalinating seawater for use at mines.”

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