Is Newmont Goldcorp good for North? – by Shane Lasley (Mining News – North of 60 – January 18, 2019)

he proposed combination of Newmont Mining Corp. and Goldcorp Inc. has raised questions about the future of the companies’ gold assets in the Yukon and investments in other junior mining companies across Canada’s North.

Two of the gold projects in the proposed Newmont Goldcorp pipeline are found in the Yukon – Plateau, a large property being explored by Newmont, and Coffee, a project that is nearing the mine development stage.

Knowing that the combined gold miner plans to shed some of its assets, it is currently unclear whether these projects will fit into the larger company’s pipeline or be put up for sale as part of the effort to slim down.

With a focus on good assets in stable jurisdictions, coupled with Newmont maintaining its option on Plateau for 2019, there are good indicators that the soon-to-be largest gold mining company in the world will continue to foster its Yukon properties and potentially expand its presence across Canada’s North.

Steady footing in the North

In recent years, Goldcorp has increased its presence across Canada’s North, a foothold that is firmed by its Coffee Gold Mine project in the Yukon. A feasibility study completed just before Goldcorp’s 2016 acquisition of Coffee details an open-pit, heap-leach gold operation capable of producing 184,000 oz of gold annually over a 10-year mine life at all-in sustaining costs of US$550 per oz.

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