Profile: Goldcorp Inc (GG)
21 Feb 2017
Goldcorp Inc., incorporated on December 1, 2006, is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company's principal producing mining properties consist of the Red Lake, Porcupine, Musselwhite and Eleonore gold mines in Canada; the Penasquito gold/silver/lead/zinc mine and the Los Filos gold mine in Mexico; the Marlin gold/silver mine in Guatemala; the Cerro Negro gold/silver mine and the Alumbrera gold/copper mine in Argentina, and the Pueblo Viejo gold/silver/copper mine in the Dominican Republic. The Company's segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc. (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito S.A. de C.V. and Camino Rojo S.A. de C.V. (Penasquito), Desarrollos Mineros San Luis S.A. de C.V. (Los Filos), Montana Exploradora de Guatemala S.A. (Marlin), Oroplata S.A. (Cerro Negro), Corredor SpA (Project Corridor), Minera Alumbrera Limited (Alumbrera), El Morro and Pueblo Viejo Dominicana Corporation (Pueblo Viejo).
Red Lake Gold Mines
The Red Lake Mines are situated approximately 180 kilometers north of the town of Dryden, District of Kenora, northwestern Ontario. The Red Lake Complex consists of approximately 90 patented mineral claims covering approximately 1,254 hectares and the Campbell Complex consists of approximately 80 patented mineral claims covering approximately 1,084 hectares. The Cochenour Complex, including the Golden Eagle Mines joint venture property, covers over 1,358.21 hectares, and comprises approximately 110 patented mineral rights, licenses of occupation, lease mineral rights and one staked claim.
Porcupine consists of four mining operations, Hoyle Pond, Dome, Stockpile and Hollinger, all of which feed the Dome processing facility. Porcupine's proven and probable gold mineral reserves include approximately 2.13 million ounces.
Musselwhite is an underground operation with one processing facility. Musselwhite mine contains approximately 1.72 million ounces of proven and probable gold reserves.
The Eleonore Mine is located in the Lake Ell area, in the north-eastern part of the Opinaca Reservoir of the James Bay region, in the Province of Quebec, Canada. The Eleonore Mine is located approximately 350 kilometers north of the towns of Matagami and Chibougamau, and over 825 kilometers north of Montreal. The Eleonore Mine comprises approximately 370 contiguous claims totaling over 19,274 hectares.
The Penasquito Mine is an open pit mining operation located in north-central Mexico with two separate process facilities, an oxide ore facility and a plant to process sulfide ore. Penasquito is situated in the western half of the Concepcion Del Oro district in the northeast corner of Zacatecas State, Mexico, approximately 200 kilometers northeast of the city of Zacatecas.
Los Filos Mine
Los Filos is a heap leach operation with production from the Los Filos pit, El Bermejal pit and the Los Filos Underground. Los Filos mine contains over 1.46 million ounces of proven and probable gold reserves.
The Marlin mine is located in Guatemala. The Marlin mine contains approximately 0.13 million ounces of proven and probable gold reserves.
Cerro Negro Mine
The Cerro Negro consists of two mining operations, the Eureka and Mariana Central underground mines, and pre-production stockpiles, all of which feed a single processing facility. The Cerro Negro mine contains over 4.66 million ounces of proven and probable gold reserves.
Alumbrera is an open pit operation with a central milling facility. Alumbrera mine's proven and probable gold reserves are approximately 0.12 million ounces.
Pueblo Viejo Mine
Pueblo Viejo Mine is an open pit gold mine located in the Dominican Republic. The Company's proven and probable gold reserves at Pueblo Viejo mine are approximately 5.97 million ounces.
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