Profile: Goldcorp Inc (GG.N)
Goldcorp Inc. (Goldcorp), incorporated on December 1, 2006, is a gold producer engaged in the acquisition, exploration, development and operation of gold properties in Canada, the United States, Mexico and Central and South America. The Company’s principal products are gold and the byproduct silver, copper, lead and zinc. Goldcorp’s operating assets include four mines in Canada and the United States, three mines in Mexico, and three in Central and South America. Goldcorp also has a pipeline of projects, including the Cerro Negro project in Argentina, the Eleonore gold project in Quebec, Canada, the Cochenour project in Ontario, Canada, and the El Morro project in Chile. It also operates the Borden Gold project.
The Borden Gold project is located near Chapleau in Ontario and is approximately 160 kilometers west of Goldcorp's Porcupine mine. Borden Gold project comprises 70 kilometers of claims. The Borden Gold project has indicated resources of 1.6 million ounces of gold and inferred resources of 0.4 million ounces of gold.
Red Lake Gold Mines
Red Lake mine is located approximately 230 kilometers northwest of Dryden, Ontario. Its mining operation covers approximately 2,335 hectares. The Red Lake operations are situated in the eastern part of the Red Lake Greenstone Belt in the Birch-Uchi Lake Subprovince of the Province, within the core of the Canadian Shield. It consists of deformed Mesoarchean tholeiitic volcano-sedimentary complex, which locally plunges steeply to the southwest. This deposit occurs within altered mafic and ultramafic rocks, with lesser amounts of intercalated intermediate to felsic intrusive rocks and chemical to clastic sedimentary units.
Eleonore mines are located in the northeast corner of the Opinaca Reservoir in the James Bay region of Quebec, Canada. The Eleonore property is located within the contact zone between the La Grande and Opinaca sub-provinces. The host rocks of the mine consist of aluminous meta-sediments and conglomerates. The project produced an estimated 70 ounces of gold.
The Porcupine mines are located in Timmins and includes approximately 38,000 hectares of mining claims in Ontario. The Porcupine mines are situated in the Porcupine Camp in Archean rocks of the western Abitibi Greenstone belt in the Canadian Shield. These consist of ultramafic and mafic volcanic rocks of the Keewatin subgroup overlain by sedimentary rocks of the Timiskaming group. The mine has produced over 67 million ounces of gold and the gold production totaled 292,000 ounces.
Musselwhite mine is located on the southern shore of Opapimiskan Lake in northwestern Ontario, Canada, approximately 480 kilometers north of Thunder Bay. The property is comprised of a combination of leases and mining claim units covering a total area of approximately 17,500 hectares. It consists of mafic volcanics, chemical sediments and felsic volcanics.
The Wharf mine is located seven kilometers west of Lead, South Dakota, in the northern Black Hills region. The mine is about 100 kilometers in width by 200 kilometers in length. It consists of a core of Precambrian metamorphic and igneous rocks, flanked by exposures of Paleozoic through Mesozoic sedimentary rocks, and is intruded by a trend of Tertiary igneous bodies in the northern Black Hills. The property consists of areas of gold mineralization.
The Cochenour mine is situated in south of the old Cochenour Mine. The project area is five kilometers west of Goldcorp’s operation, Red Lake Gold Mines, and approximately 230 kilometres northwest of Dryden, Ontario. The mine produces 225,000 to 250,000 ounces per year.
South Arturo Mine
The South Arturo mine consists of a series of sediment hosted Carlin-style gold deposits adjacent to Dee gold mine, 35 kilometers northwest of Elko, Nevada. South Arturo Project is an open pit mine.
The Marlin mine is in the western highlands of Guatemala, 25 kilometers west-southwest of the town of Huehuetenango, approximately 300 kilometers northwest of Guatemala City. It consists of approximately 100,000 hectares of operating land. There are four major lithologic units present at the Marlin site, which include pyroclastic deposits, marlin andesites, Tertiary volcaniclastic sequence and porphyric dykes. Production from underground operations is approximately 3,200 ore tons per day.
Alumbrera mine is located near Belen, Argentina, in Catamarca province, Alumbrera is 1,100 kilometers northwest of Buenos Aires. The mine is on a 600-hectare mining lease in a valley west of the easternmost range of the Andes at an elevation of 2,600 metres above sea level. The mineralized rocks consist of a series of porphyritic intrusions into the andesites of the Farallon Negro complex. These alkalic porphyries were intruded into the roots of the Farallon Negro volcano. It consists of copper and gold veins.
Pueblo Viejo Mine
Pueblo Viejo mine is located in the Dominican Republic, approximately 100 kilometers northwest of Santo Domingo. As of December 31, 2013, it consisted of gold reserves of approximately 16 million ounces.
Cerro Negro Mine
Cerro Negro mine is located on the Patagonian plains in the southern Argentinean province of Santa Cruz, at an elevation of approximately 600 meters above sea level. The property comprises approximately 25,000 hectares, and contains ten prospect areas with epithermal gold mineralization.
The El Morro Mine
The El Morro mine is located in the province of Huasco, Atacama Region in north-central Chile, approximately 80 kilometers east of the city of Vallenar, El Morro lies at an altitude of 4,000 meters. The property is a large, 36 square kilometer land package with organic growth. It has two zones of gold-copper mineralization, which include the El Morro and La Fortuna.
Penasquito mine is located in the northeastern part of the State of Zacatecas in north-central Mexico, 14 kilometers east of the town of Mazapil, Penasquito. The property lies within the eastern Mexican fold-belt comprised of folded Mesozoic clastic and carbonate sedimentary units. Penasquito mine is an open pit mine, consisting of two open pits namely Penasco and Chile Colorado containing gold, silver, lead and zinc minerals.
Los Filos Mine
The Los Filos mine is located in the Nukay mining district of central Guerrero State in southern Mexico, in the village of Mezcala, approximately 230 kilometers south of Mexico City. The Morelos-Guerrero Basin in southern Mexico is a circular basin, occupied by a thick sequence of Mesozoic platform carbonate sediments comprising the Morelos, Cuautla and Mezcala formation. The ore bodies at Los Filos and El Bermejal consist of iron-gold skarn with minor amounts of Cu and Ag.
The El Sauzal Mine
El Sauzal is located near the town of Urique in Chihuahua State, in the western part of the Sierra Madre mountain range. It is an epithermal deposit of high sulfidation defined by breccias and volcanic event flows. It is a disseminated oxide ore body of high-grade and gold mineralization. As of December 31, 2013, El Sauzal has reserves of approximately 145,850 ounces of gold and gold production of over 80,000 oz.
Camino Rojo Mine
Camino Rojo mine is approximately a 3,389 square kilometer concession located 50 kilometers southeast of the Penasquito mine in the State of Zacatecas in north-central Mexico. It is situated in broad alluvial pediment within the eastern Mexican fold-belt, where folded Mesozoic clastic and carbonate sedimentary units have been intruded by intermediate-composition and felsic dikes, and contains gold, silver, lead and zinc deposits.
666 Burrard St Suite 3400
VANCOUVER BC V6C 2X8
Company Web Links
- UPDATE 2-Goldcorp's lower profit lags estimates, stock slumps
- Goldcorp adjusted profit falls on lower margins, higher tax
- CANADA STOCKS-Oil and gold price rallies boost TSX resource stocks
- CANADA STOCKS-TSX steady as a resource gains offset by banks
- CANADA STOCKS-Goldcorp, SNC-Lavalin slumps push TSX lower