TSX: G NYSE: GG
VANCOUVER, Jan. 30, 2015 /PRNewswire/ - GOLDCORP INC.
(TSX: G, NYSE: GG) and Wabauskang First Nation ("Wabauskang")
have signed a Collaboration Agreement that paves the way for
long-term economic benefits for the northwestern Ontario First
Nation. The new Agreement, which marks Goldcorp's sixth First
Nation partnership in Canada,
provides a framework for strengthened collaboration in the
development and operations of Red Lake Gold Mines. A signing
ceremony was held Thursday, January
29 in the Wabauskang community.
Goldcorp now has collaboration agreements in place with all of
the First Nations which assert Aboriginal and treaty rights in the
vicinity of its active operations in Canada: Red Lake Gold
Mines, Musselwhite Mine, Porcupine Gold Mines and Éléonore
Mine.
"This new agreement is about so much more than economic
benefits," said Brent Bergeron,
Goldcorp's Executive Vice President of Corporate Affairs and
Sustainability. "It's about long-term partnership, open dialogue
and shared prosperity. It demonstrates our company's ongoing
commitment to develop Northern
Ontario's natural resources in a mutually-beneficial and
sustainable way, and will bring well-deserved recognition to the
people of Wabauskang."
"This agreement is a significant achievement for our community,"
said Wabauskang Chief Martine
Petiquan. "Agreements like this one are an essential part of
ensuring that our Treaty rights are respected when companies want
to develop the lands and resources in our territory."
Based on a series of community meetings that generated broad
support from both parties, the Collaboration Agreement outlines
tangible benefits for Wabauskang – including skills training and
employment, opportunities for business development and contracting,
and a framework for issues resolution, regulatory permitting and
Goldcorp's future financial contributions.
"First Nations communities have an incredible opportunity to
benefit from resource development," said the Honourable Greg
Rickford, Canada's Minister of
Natural Resources. "This agreement is an excellent example of
industry and First Nations working together to build long-term
partnerships that will ensure responsible development while
bringing employment and economic opportunities to First Nations
communities."
Red Lake Gold Mines is amongst Goldcorp's top producing sites,
yielding over 400,000 ounces of gold in 2014. The company is
expanding development in the Red
Lake area through its Cochenour project, which is expected to
produce first ore from production stopes later this year.
"Social responsibility is at the core of our business," added
Bergeron. "This agreement with Wabauskang is based on cooperation,
and shows what's possible when a company like Goldcorp and local
First Nations form a partnership based on a shared vision."
This new Collaboration Agreement solidifies the relationship
between both parties and will facilitate any potential regulatory
permitting pertaining to both Red Lake Gold Mines and the
Cochenour project.
About Goldcorp
Goldcorp is one of the world's fastest growing gold producers,
with operations and development projects located in safe
jurisdictions throughout the Americas. A Canadian company
headquartered in Vancouver, British
Columbia, Goldcorp employs more than 18,000 people
worldwide. The Company is committed to responsible mining practices
and is well positioned to deliver sustained, industry-leading
growth and performance.
About Wabauskang First Nation
Wabauskang First Nation is an Anishinabe community. A signatory
to Treaty 3, Wabauskang is the most northern community in the
Treaty 3 territory. Wabauskang's community and reserve lands
are located approximately 100 kilometres south of Red Lake, Ontario. Wabauskang is
committed to the protection of Mother Earth, sharing the benefits
of the land and creating opportunities for future generations.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements", within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 Section 21E of the United States Securities
Exchange Act of 1934, as amended, Section 27A of the United States
Securities Act of 1933, as amended and applicable Canadian
securities legislation, concerning the business, operations and
financial performance and condition of Goldcorp Inc. ("Goldcorp").
Forward-looking statements include, but are not limited to,
statements with respect to the future price of gold, silver,
copper, lead and zinc, the estimation of mineral reserves and
resources, the realization of mineral reserve estimates, the timing
and amount of estimated future production, costs of production,
capital expenditures, costs and timing of the development of new
deposits, success of exploration activities, permitting time lines,
hedging practices, currency exchange rate fluctuations,
requirements for additional capital, government regulation of
mining operations, environmental risks, unanticipated reclamation
expenses, timing and possible outcome of pending litigation, title
disputes or claims and limitations on insurance
coverage. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as
"plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", "believes" or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved" or the negative
connotation thereof.
Forward-looking statements are made based upon certain
assumptions and other important factors that, if untrue, could
cause the actual results, performances or achievements of Goldcorp
to be materially different from future results, performances or
achievements expressed or implied by such statements. Such
statements and information are based on numerous assumptions
regarding present and future business strategies and the
environment in which Goldcorp will operate in the future, including
the price of gold, anticipated costs and ability to achieve goals.
Certain important factors that could cause actual results,
performances or achievements to differ materially from those in the
forward-looking statements include, among others, gold price
volatility, discrepancies between actual and estimated production,
mineral reserves and resources and metallurgical recoveries, mining
operational and development risks, litigation risks, regulatory
restrictions (including environmental regulatory restrictions and
liability), activities by governmental authorities (including
changes in taxation), currency fluctuations, the speculative nature
of gold exploration, the global economic climate, dilution, share
price volatility, competition, loss of key employees, additional
funding requirements and defective title to mineral claims or
property. Although Goldcorp has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended.
Forward-looking statements are subject to known and unknown
risks, uncertainties and other important factors that may cause the
actual results, level of activity, performance or achievements of
Goldcorp to be materially different from those expressed or implied
by such forward-looking statements, including but not limited to:
risks related to the integration of acquisitions; risks related to
international operations, including economic and political
instability in foreign jurisdictions in which Goldcorp operates;
risks related to current global financial conditions; risks related
to joint venture operations; actual results of current exploration
activities; environmental risks; future prices of gold, silver,
copper, lead and zinc; possible variations in ore reserves, grade
or recovery rates; mine development and operating risks; accidents,
labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing or in the completion
of development or construction activities; risks related to
indebtedness and the service of such indebtedness, as well as those
factors discussed in the section entitled "Description of the
Business – Risk Factors" in Goldcorp's annual information form for
the year ended December 31, 2013
available at www.sedar.com. Although Goldcorp has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking
statements. Forward-looking statements are made as of the date
hereof and accordingly are subject to change after such
date. Except as otherwise indicated by Goldcorp, these
statements do not reflect the potential impact of any non-recurring
or other special items or of any dispositions, monetizations,
mergers, acquisitions, other business combinations or other
transactions that may be announced or that may occur after the date
hereof. Forward-looking statements are provided for the
purpose of providing information about management's current
expectations and plans and allowing investors and others to get a
better understanding of our operating environment. Goldcorp does
not undertake to update any forward-looking statements that are
included in this document, except in accordance with applicable
securities laws.
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SOURCE Goldcorp Inc.