PROPERTY & LOCATION
Fenix Gold Project (37,291 ha) is located in the Atacama Region, in the Copiapó Province - Chile, specifically in the Maricunga Mineral Belt, approximately 160 kilometers northeast of Copiapó by International Road CH-31. It is the largest undeveloped gold heap leach project in the Americas.
The Maricunga Mineral Belt is a well-known mining district that contains over 70 million ounces of gold and hosts the La Coipa and Refugio mines, as well as the Volcan, Caspiche, Lobo Marte and Cerro Casale deposits.
Fenix Gold is located approximately 20 km south of Kinross Gold’s La Coipa Au-Ag mine, 60 km north of Kinross’s Maricunga Gold Mine and 40 km north of Hochschild’s, Volcan Gold Project.
There are no significant population centers near Fenix Gold. There are a small number of indigenous families within communities who raise crops and livestock in areas of the valleys that drain the region, but none in the immediate vicinity of the Project.
PROJECT HIGHLIGHTS
MINERAL RESOURCES & RESERVES
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Measured + Indicated >> 4.8 MOZ
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Inferred >> 1 MOZ
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Proven + Probable >> 1.8 MOZ
*Resources are included in the reserves
INVESTMENT
USD 206 MM Initial
USD 88 MM Sustaining
EMPLOYMENT GENERATION
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Construction > 1.200 approx.
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Operation > 550 approx.
TOTAL PRODUCTION
1.32 million ounces
PROJECT LIFE
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Construction: 1 year
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Operation: 16.2 years
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Closing: 1 year