Goldcorp reports it’s made major strides in reaching various milestones with its mine construction projects in Chapleau and Timmins. The Vancouver gold miner issued a Sept.4 news release outlining its progress ahead of a Sept.6 conference call.
“We continue to be impressed with our team’s execution as we advance projects on time and on budget through the permitting and development process,” said David Garofalo, Goldcorp president-CEO in a statement.
The company maintains it has a strong pipeline of mine projects coming on stream to build up its gold reserves and boost production over the next decade while cutting costs at its existing operations.
At its Borden Lake mine project near Chapleau, the company reports the mine infrastructure is in place to support production. Commercial production is on track for mid-2019. All the operating permits should in place by the end of this year.
Ramp development has reached 1.6 kilometres in length and down to a depth of 300 metres. Everything remains on schedule, the company said. Bulk sampling began in August – two months ahead of schedule – and continues into this month.
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