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El Morro Cancelled

Project Stages

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Early Works
Current Stage: Awaiting construction decision
Start: 10/2013
In Construction
Project Details


El Morro project site covers 417km2. The project comprises three centers of porphyry style copper-gold mineralization; the La Fortuna, El Negro and El Morro areas. Of these, La Fortuna is currently the most significant and is slated to be the location of an open pit mine. The project has measured and indicated mineral resources of 92.4Mt of 0.41g/t gold and 0.42% copper. In terms of contained metal, the deposit has 1.2Moz of gold and 853Mlb of copper. The project was going to be developed by Sociedad Contractual El Morro, a joint venture between Goldcorp Inc. (70%) and New Gold (30%). In August 2015 New Gold agreed to sell its remaining 30% to Goldcorp, who after the agreement announced the combination of El Morro with Teck's Relincho into a single project named Corredor.

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Milestones Log and News

Principal Works

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

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Key Specs

Full Name
El Morro
Project Type
Copper, Open pit mining
Development Phase
Awaiting construction decision
Project Status
Project Capacity
486,000  t/y (tons per year)  Copper
 Open pit mining
US$ 3.9bn
Completion Date

El Morro is located at an altitude of 4,000m, 80km east of Vallenar city in Alto Del Carmen, Huasco province.

* The map coordinates provided represent the approximate latitude and longitude, and not the exact location of the project.