Partial Underground Operations at Newmont Goldcorp’s Red Lake Mine to Safely Resume by Tuesday
July 07 2019 - 3:05PM
Business Wire
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont
Goldcorp or the Company) today reported that partial underground
operations at the Company’s Red Lake mine in Ontario, Canada will
safely resume by Tuesday, July 9. Underground mining was
proactively paused on July 3 to allow for the installation of
additional controls to further protect workers in the event water
entered the mine through an historic stope at the Cochenour complex
which is part of Red Lake. Processing and other surface operations
at the mine have continued uninterrupted and underground workers
were temporarily reassigned to jobs at the mill and other surface
facilities.
The temporary pause in underground mining was proactively
implemented following an in-depth review of an historic stope at
Cochenour. Although there were no known changes to conditions at
the mine, the decision to temporarily pause underground operations
was taken to strengthen controls protecting the safety of Red
Lake’s workforce.
The Red Lake mining district is located 180 kilometres north of
Dryden, approximately 100 kilometres from the Manitoba border in
northwestern Ontario. Mining operations include the Red Lake and
Campbell underground mining and processing complexes, as well as
Cochenour. The Red Lake mining district has been in operation since
1949.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a
producer of copper, silver, zinc and lead. The Company’s
world-class portfolio of assets, prospects and talent is anchored
in favorable mining jurisdictions in North America, South America,
Australia and Africa. Newmont Goldcorp is the only gold producer
listed in the S&P 500 Index and is widely recognized for its
principled environmental, social and governance practices. The
Company is an industry leader in value creation, supported by
robust safety standards, superior execution and technical
proficiency. Newmont Goldcorp was founded in 1921 and has been
publicly traded since 1925.
Cautionary Statement Regarding Forward-Looking
Statements
This press release may contain "forward-looking statements"
within the meaning of Section 27A of the US Securities Act of 1933,
as amended, and Section 21E of the US Exchange Act of 1934, as
amended, which are intended to be covered by the safe harbor
created by such sections and other applicable laws. Forward-looking
statements may include statements relating to future underground
operations and timing at Red Lake. Where a forward-looking
statement expresses or implies an expectation or belief as to
future events or results, such expectation is expressed in good
faith and believed to have a reasonable basis. However, such
statements are subject to risks, uncertainties and other factors,
which could cause actual results to differ materially. Risks may
include, but are not limited to, accidents, hazards and
uncertainties associated with mining and other factors disclosed in
the Company’s Annual Report on Form 10-K for the year ended
December 31, 2018 under the heading “Risk Factors” filed with the
U.S. Securities and Exchange Commission (the “SEC”) and the
Company’s recent SEC filings, available on the SEC website or
www.newmontgoldcorp.com, as well as the Company’s most recent
filings made with Canadian securities regulatory authorities and
available on SEDAR. The Company does not undertake any obligation
to release publicly revisions to any “forward-looking statement,”
including, without limitation, outlook, to reflect events or
circumstances after the date of this news release, or to reflect
the occurrence of unanticipated events, except as may be required
under applicable securities laws. Investors should not assume that
any lack of update to a previously issued “forward-looking
statement” constitutes a reaffirmation of that statement. Continued
reliance on “forward-looking statements” is at investors’ own
risk.
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version on businesswire.com: https://www.businesswire.com/news/home/20190707005048/en/
Media Contact Omar Jabara, 303.837.5114
omar.jabara@newmont.com
Investor Contact Jessica Largent, 303.837.5484
jessica.largent@newmont.com
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