Goldcorp is hard at work on projects that will see its century-long presence as an integral part of the Timmins economy continue for many years to come. That was the central message the mining company’s general manager, Marc Lauzier, brought to a crowded room full of mining industry members and other local business people on Thursday afternoon. The gathering was organized by the Timmins Chamber of Commerce as part of their series of Inside Your Business luncheons.
During his speech to the more than 150 people packed into the McIntyre Arena`s auditorium, Lauzier said despite the fact that many of their most profitable projects in the Timmins area are approaching the end of their life cycles, it is Goldcorp’s goal to keep mining in the region for as long as it is feasible.
“Today I want to talk about some the projects that we are trying to do so we can stay around Timmins for longer,” said Lauzier. “I’ve talked to some of our partners, and they are coming to the end of their lives in the next six to seven years. I’m standing here in front of you with some opportunities that could keep Goldcorp here and alive for at the same (levels of production) or even better for another 10, 15 or 20 years.”
One of those new endeavors is a new pit mine near the current site of the current Dome open pit mine, which has been dubbed “Project Century.”
“Why this is such a big deal is because that when we did the first Dome open pit in the mid-1990s, we had pretty limited computer power, we had pretty different gold prices and costs; different economics,” said Lauzier.
With current technology, he continued, the mining company has been able to put together extremely detailed computer models of the ore deposit and the area to use when planning a new mine.
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