Mineral Forecast and Compañía Minera San Gerónimo join forces to boost mining exploration with Artificial Intelligence

The technology company will work with the Coquimbo Region mining company to identify exploration targets that will add value to its mining projects.

“Working alongside a mining company with 33 years of experience and great prestige like San Gerónimo is excellent news for us and for the industry,” says Arturo Rochefort, one of the founders of Mineral Forecast.

May 2024 – Mineral Forecast, a leading company in artificial intelligence (AI)-based mining exploration technology, and Compañía Minera San Gerónimo (CMSG) announced an innovative agreement to develop a machine learning (ML) targeting pilot.

The objective of the initiative is to use Mineral Forecast’s technology to quickly and safely identify sectors with high gold mineralization potential in the Coquimbo Region. This will allow CMSG to add value to its project, optimize its resources, and accelerate the exploration process.

“Working alongside a mining company with 33 years of experience and great prestige like San Gerónimo is excellent news for us and for the industry. We know it’s a company that has continually invested in innovation, adding value to copper through the diversification of its production. We see great interest from them in learning about the benefits that AI provides in mineral exploration and we are confident that it will be a great contribution to this particular project,” says Arturo Rochefort, one of the co-founders of Mineral Forecast.

For his part, Yerko Rendic Vladislavic, Chairman of the Board of CMSG, explains that “the agreement with Mineral Forecast is part of our commitment to innovation and the search for new technologies that allow us to optimize our operations, increasing the efficiency of our projects. We believe that AI has great potential, not only for the future of mineral exploration, but also for the entire industry value chain. We are very pleased to work with a leading Chilean company in this field at the beginning of this chain: exploration.”

Javier Muñoz, also a co-founder of Mineral Forecast, adds that “AI is a powerful tool that increases the probability of discovery, reduces exploration costs, and accelerates discoveries. In this project, we hope to demonstrate the value that our technology, MF-Tech®, can add to the CMSG team and support them in the future exploration process.” The pilot project will last three months and, upon completion, concrete results are expected regarding the potential of AI for mineral exploration.

About Mineral Forecast
Mineral Forecast is a Chilean company that offers cutting-edge technological solutions for mineral exploration. Its technology, MF-Tech®, uses AI to process large amounts of geological and exploration data, allowing for the rapid and accurate identification of areas with high mineralization potential. Mineral Forecast has worked with companies such as Anglo-American, CMP, First Majestic, and SQM, with excellent results.

About Compañía Minera San Gerónimo
Compañía Minera San Gerónimo is a medium-sized mining company located in the Coquimbo Region, directly employing 860 people. As part of its innovation-based strategy, it has diversified its products by offering copper concentrate with gold and silver byproducts; iron concentrate; and three final product chains for the agricultural industry, developed based on copper sulfate: Copperfull Feedgrade, Agrocopper, and Ferticopper.