overview

Santo Domingo

The Santo Domingo Project, owned 70% by Capstone and 30% by Korea Resources Corporation (KORES), the Korean state-owned resource acquisition enterprise, is a large-scale iron oxide-copper-gold development project. The Santo Domingo Project is located 50 kilometres southwest of Codelco's El Salvador copper mine and 130 kilometres north-northeast of Copiapó, near the town of Diego de Almagro in Region III, Chile. Elevation at the site ranges from 1,000 to 1,280 metres above sea level, with relatively gentle topographic relief.

The project is expected to be ready to begin construction in 2020. Potential upside exists related to a cobalt resource, additional metallurgical work with the goal of improving gold recoveries, the potential to utilize autonomous equipment and the potential for infrastructure sharing.

Key Facts (November 2018 Technical Report)
Location Region III, Chile
Primary mineralization Copper
By-products Magnetite iron, gold
Ownership 70%
Estimated mine life (years) 17.9
Proposed mining type Open pit

Proposed throughput (LOM average)

Proposed throughput (first 5 years) 

60,500 tpd

65,000 tpd

Average annual production (LOM average)

Average annual production (first 5 years)

134 M lbs Cu, 4.2 Mt Fe, 17 koz Au

259 M lbs Cu, 3.3 Mt Fe, 35 koz Au

Grade (Cu %) 0.30
Development Capital $1.51 B

IRR (after tax):

NPV (8% discount after tax):

Payback (after tax):

 21.8%

$1.03B

2.8 years