Goldcorp
Encyclopedia
Goldcorp Inc. is a gold producer
headquartered in Vancouver
, British Columbia
, Canada
. Goldcorp has 16 operations and development projects in 6 countries across the Americas.
Goldcorp produced 2.42 million troy ounce
s of gold in 2009 at a total cash cost of $295 per ounce of gold.
On March 23, 2010 Goldcorp hosted the official inauguration of its new Peñasquito Mine located in the State of Zacatecas
, Mexico. The current Peñasquito mine plan projects operations over 20 years, creation of more than 2,000 direct new jobs, and the creation of as many as 12,500 indirect new jobs. The mine is expected to produce 500,000 ounces of gold, 28 million ounces of silver, 450 million pounds of zinc, and 200 million pounds of lead per year.
Goldcorp projects include:
Gold mining
Gold mining is the removal of gold from the ground. There are several techniques and processes by which gold may be extracted from the earth.-History:...
headquartered in Vancouver
Vancouver
Vancouver is a coastal seaport city on the mainland of British Columbia, Canada. It is the hub of Greater Vancouver, which, with over 2.3 million residents, is the third most populous metropolitan area in the country,...
, British Columbia
British Columbia
British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
. Goldcorp has 16 operations and development projects in 6 countries across the Americas.
Goldcorp produced 2.42 million troy ounce
Troy ounce
The troy ounce is a unit of imperial measure. In the present day it is most commonly used to gauge the weight of precious metals. One troy ounce is nowadays defined as exactly 0.0311034768 kg = 31.1034768 g. There are approximately 32.1507466 troy oz in 1 kg...
s of gold in 2009 at a total cash cost of $295 per ounce of gold.
On March 23, 2010 Goldcorp hosted the official inauguration of its new Peñasquito Mine located in the State of Zacatecas
Zacatecas
Zacatecas officially Estado Libre y Soberano de Zacatecas is one of the 31 states which, with the Federal District, comprise the 32 Federal Entities of Mexico. It is divided in 58 municipalities and its capital city is Zacatecas....
, Mexico. The current Peñasquito mine plan projects operations over 20 years, creation of more than 2,000 direct new jobs, and the creation of as many as 12,500 indirect new jobs. The mine is expected to produce 500,000 ounces of gold, 28 million ounces of silver, 450 million pounds of zinc, and 200 million pounds of lead per year.
Operations
Goldcorp operations include:- Red LakeRed Lake, OntarioPopulation trend:* Population in 2006: 4526* Population in 2001: 4233* Population total in 1996: 4778** Golden : 2248** Red Lake : 2277* Population in 1991:** Golden : 2355** Red Lake : 2268-Climate:...
mine (Canada) - Porcupine mine (Canada)
- Musselwhite mine (Canada)
- Wharf mine (USA)
- Marigold mine (67%) (USA)
- El Sauzal mine (Mexico)
- Los Filos mine (Mexico)
- San Dimas mine (Mexico)
- Peñasquito mine (Mexico)
- Marlin mine (Guatemala)Marlin mine (Guatemala)The Marlin Mine is a gold mine in Guatemala owned by Montana Exploradora de Guatemala, S.A , which is a subsidiary of Canadian company Goldcorp.-Location and description:...
- San Martin mine (Honduras)
- Alumbrera mine (37.5%) (Argentina)
Goldcorp projects include:
- Pueblo Viejo (Dominican Republic - 40% ownership)
- El Morro (Chile - 70% ownership)
- Eleonore (Canada)
History
- On March 31, 2006, Goldcorp acquired the Eleonore gold project in QuebecQuebecQuebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
from Virginia Gold Mines Ltd. - On May 12, 2006, Goldcorp completed the purchase of a number of Placer DomePlacer DomePlacer Dome Inc. was a large mining company specializing in gold and other precious metals, with corporate headquarters in Vancouver, British Columbia, Canada....
assets from Barrick GoldBarrick GoldBarrick Gold Corporation is the largest pure gold mining company in the world, with its headquarters in Toronto, Ontario, Canada; and four regional business units located in Australia, Africa, North America and South America...
for approximately $1.6 billion. - In August 2006, Goldcorp acquired Glamis GoldGlamis GoldGlamis Gold Ltd. was a Reno, Nevada based gold producer with operations in the Americas. In 2006 they expected to produce 620,000 ounces of gold at a total cash cost of US$190 per ounce. They remained 100% unhedged....
to create one of the world’s largest gold companies. - On February 14, 2008, Goldcorp completed the disposition of 108 million common shares of Silver WheatonSilver WheatonSilver Wheaton is a pure play silver mining company, the largest in the business of silver streaming. It produces over 23 million ounces and sells over 20 million ounces of silver mined by other companies as a by product...
to a syndicate of underwriters, at a price of Cdn $14.50 per share, for aggregate gross proceeds to Goldcorp of $1.571 billion which represents the sale of all of Goldcorp's remaining interest in Silver Wheaton. - On September 25, 2008, Goldcorp acquired Gold Eagle Mines Ltd. Gold Eagle's principal asset is the Bruce Channel gold discovery which is situated adjacent to Goldcorp's Red Lake Gold mine.
- In October 2008, Goldcorp was named one of BC's Top EmployersBC's Top EmployersBC's Top Employers is an annual competition that recognizes the best employers in British Columbia to work. First published in October 2005, the special designation recognizes the British Columbia employers that lead their industries in offering exceptional places to work...
by Mediacorp Canada Inc., which was announced by The Vancouver SunThe Vancouver SunThe Vancouver Sun is a daily newspaper first published in the Canadian province of British Columbia on February 12, 1912. The paper is currently published by the Pacific Newspaper Group, a division of Postmedia Network. It is published six days a week, Monday to Saturday...
, The ProvinceThe ProvinceThe Province is a daily, tabloid format newspaper published in British Columbia by Postmedia. It has been a daily newspaper since 1898.According to a recent NADbank survey, The Provinces average weekday readership was 520,100, making it British Columbia's most read newspaper...
and the Victoria Times-Colonist. - February 2, 2010, Goldcorp's the Musselwhite mine, located in north-western Ontario, Canada, became was the first gold mining operation in Canada to be fully certified under the International Cyanide Management Code for the Manufacture, Transport and Use of Cyanide in the Production of Gold (“The Cyanide Code”).
- August 13, 2009, Goldcorp's Marlin mine, in Guatemala, became the first mining operation in Central America to be fully certified under the International Cyanide Management Code for the Manufacture, Transport and Use of Cyanide in the Production of GoldGold cyanidationGold cyanidation is a metallurgical technique for extracting gold from low-grade ore by converting the gold to a water soluble coordination complex. It is the most commonly used process for gold extraction...
. - On February 16, 2010, Goldcorp completes the acquisition of 70% interest in El Morro project, an advanced stage copper-gold project located in north-central Chile, Atacama Region, approximately 80 kilometres east of the city of Vallenar.
- On June 2, 2010, Goldcorp announced the sale of San Dimas mine in Mexico to Mala Noche Resources Corp.
- On September 3, 2010, the company said it would buy Andean Resources Ltd for $3.4 billion. Andean is listed on the Toronto Stock ExchangeCompanies listed on the Toronto Stock Exchange (A)-A:-See also:*Toronto Stock Exchange*List of Canadian companies*List of mutual funds listed on the TSX*S&P/TSX Composite Index*List of companies listed on the TSX Venture Exchange-External links:*...
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