El Toqui mine was discovered in the early 1960s, but the mine only came online in 1983. Subsequently, in August 2011, the Belgian company Nyrstar completed the acquisition of Breakwater Resources, the former owner of the mining company in Chile, through of its subsidiary Sociedad Contractual Minera El Toqui. It operated the mine until 2019, when Australian operator Laguna Gold filed for voluntary bankruptcy, selling the operation to Sociedad Minera Pacífico del Sur, which began operations in July 2019.
Minera Pacífico del Sur currently extracts mainly zinc and lead concentrate from its mines, and to a lesser extent silver and gold. |