NEWS RELEASE
GOLDCORP
*************************
TIMMINS - GOLDCORP INC. (TSX: G, NYSE: GG) announced today that it will permanently cease underground mining activities at its Dome mine, part of the company’s Porcupine Gold Mines in Timmins, Ontario, as of mid-2016.
The Dome underground had been one of the Porcupine district’s most prolific gold producers, spanning over 100 years of operations since its discovery in 1909 and its production start-up in 1910.
The Dome underground resumed operations in early 2006, after being put on Care and Maintenance in May 2004.
Permanent closure of the Dome underground operations will directly affect 115 employees and 76 contractors.
Mining operations at Porcupine’s Hollinger open pit, Hoyle Pond underground mine and processing plant will be optimized in order to sustain profitable production and are expected to continue for the foreseeable future.
“The Dome underground has been an important contributor to Porcupine’s overall production, and a significant part of the history of this gold mining district,” said Brendan Zuidema, Goldcorp’s Porcupine Mine General Manager. “We will be working with the United Steelworkers Union to close the site safely, responsibly and in accordance with the collective agreement, and are making outplacement services available to affected employees during this transition.”
In 2014, gold production from Porcupine totaled 300,000 ounces.
Goldcorp’s 2015 operating results will be announced in February 2016.
*************************
