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Gold Fields greenlights Salares Norte, raises US$250M

South Africa’s Gold Fields has made a construction decision on its Salares Norte gold project in Chile and completed a US$250 million equity raise to provide partial funding for the project.

Gold Fields greenlights Salares Norte, raises US$250M Gold Fields greenlights Salares Norte, raises US$250M Gold Fields greenlights Salares Norte, raises US$250M Gold Fields greenlights Salares Norte, raises US$250M Gold Fields greenlights Salares Norte, raises US$250M

Salares Norte in Chile

Salares Norte is planned to produce an average of 450,000oz/y of gold-equivalent over first seven years and 355,000oz/y gold-equivalent over the first 10 years, at an estimated all-in sustaining cost