Gold is mainly produced as byproduct from the many copper mining operations that form the backbone of the country's mining industry. According to the most current estimates, Chile presently produces under 1.five million ounces of gold each year, pushing it out of the top ten gold producers within the world. Nevertheless, you will find a number of new gold mining operations being explored and developed by crushing and grinding today.
Chile's gold production remained constant at 39 000 t in 2003, making it Latin America's 3rd largest producer. Gold is produced a by product of a number of copper mining operations that form the backbone of Chile's mining industry. However, you will find several new gold mining operations becoming created - notably Barrick's Pascua - Lama - Veladero development along the El Indio Gold Belt on the border with Argentina. Building is forecast to begin in late 2004.
Pascua - Lama has proven and probable reserves believed at more than 17 Moz gold and 525 Moz silver. Yearly manufacturing is anticipated at 800 000 oz gold and 20 Moz silver, generating it 1 of South America's biggest gold mines.
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