Gold Fields (US:GFI) Shang Wu Bu Wang Zhan·2025-11-01 16:20Core Insights - Gold Fields has officially launched commercial operations at the Salares Norte gold mine in Diego de Almagro, Chile, marking the first large-scale greenfield gold project in the country in over a decade [1] - The project represents an investment of $1.19 billion and is expected to increase Chile's gold production by 25%, positioning the country among the top 20 gold producers globally [1] - The mine is projected to create 4,000 direct and indirect jobs and contribute $800 million in tax revenue over its lifecycle [1] Project Details - Exploration for the mine began in 2011, and it is located at an altitude of over 4,000 meters [1] - The production will utilize high-altitude solar power, dry tailings filtration, remote management from Santiago, and efficient water resource management technologies [1] Industry Context - The chairman of Gold Fields, Suleiman, noted that Chile holds 6% of the world's gold reserves but only accounts for 1% of global production [1] - The company plans to continue investing in Chile's mining sector to explore potential opportunities [1]