Copper mine operations consistently generate a large quantity of tailings after their concentration processing. These tailings are either piled up or stored in a dam, where both alternatives of disposal lead to environmental impacts. The dam copper tailings have a huge potential for by-product production thus improving sustainability and profitability in industrial operations. This paper describes a study aiming at producing a magnetite pellet feed as a by-product from a dam chalcopyrite flotation tailings and generating free magnetite non-magnetic rougher tailings. The chemical assay and mineralogy analysis of dam copper flotation tailings indicate low Fe grade (6.34 wt%), high SiO2 grade (63.14 wt%), low magnetite (3.6 wt%), and high iron silicates content (22.72 wt%). The complex mineralogy of these tailings leads to the need of grinding the rougher magnetite pellet feed as fine as 80% of particles smaller than 20 mu m (P-80) aiming at improving magnetite liberation. The proposed process route comprises a scalping screen, low field rougher, and cleaner magnetic separations using a drum magnetic separator (80 kA/m or 1000 Gauss), followed by silicates reverse cationic flotation as a recleaner step. With this process route, it was possible to produce a high-quality magnetite pellet feed reaching 68.00 wt% of Fe, 2.13 wt% of SiO2, 0.51 wt% of Al2O3, and 95.1 wt% of magnetite. The Blaine specific surface area was 2300 cm(2)/g, being in the range recommended for pelletizing (1900 up to 3000 cm(2)/g). The total mass, Fe, SiO2, Al2O3, and magnetite recoveries were 2.77%, 29.71%, 0.09%, 0.12%, and 73.17%, respectively. Most of the magnetite losses, around 20% of total magnetite fed, occurred in the oversize of the scalping screen. Additionally, it generated non-magnetic rougher tailings with less than 1.0 wt% of magnetite that could be used as by-products and reduced the amount of tailings disposal in a dam. This study contributes toward the sustainability of operation, minimizing tailings disposal.