Norsemont Mining - Growth Strategy AT The Choquelimpie Gold-Silver-Copper Project in Chile: Exploration and Potential Near Term Production
In this company introduction, I welcome Marc Levy, Chairman & CEO of Northmont Mining, for a first in-depth discussion on the company’s flagship Choquelimpie Gold-Silver-Copper Project in Chile.
Northmont is advancing a past-producing mine with existing infrastructure, including a mill, power, water, and extensive historic drilling. The project already hosts over 2.7Moz gold equivalent in resources (2.18Moz Indicated + 557koz inferred), with immediate potential to expand.
Key discussion points:
- Financing & Strategic Investors - Recent oversubscribed financing, including participation from Rob McEwen and other notable industry names.
- Three-Phase Growth Plan - Advancing stockpile production, expanding the high-grade oxide resource, and testing a large copper porphyry target.
- Drill Program Launch - $3.5M allocated to near-term drilling: shallow oxide holes, deeper step-outs on high-grade zones, and initial porphyry testing.
- Timeline to Production - Pathway to restart operations within ~2 years, supported by existing infrastructure and ongoing permitting.
- Team Strength - Backed by a proven leadership group with multiple successful mining exits and Chilean mine-build experience.
Near-term catalysts include final financing close, drill program commencement, and steady news flow from exploration, metallurgy, and engineering.
Follow up questions for Marc? Email me at Fleck@kereport.com
