Significant Milestone in Development of the
Coffee Mine in the Yukon
VANCOUVER and YUKON, April 30,
2018 /PRNewswire/ - GOLDCORP INC. (TSX: G,
NYSE: GG) ("Goldcorp" or "the Company") and Tr'ondëk
Hwëch'in ("TH") today announced that the parties have entered
into a Collaboration Agreement (the "Agreement") relating to the
Coffee gold project. The Agreement represents a significant
milestone towards building a long-term relationship between
Goldcorp and TH and is a critical step towards delivering economic
opportunities for TH and its citizens through the development of
the Coffee gold project in the Yukon. In addition to employment, contracting,
training and skills-development initiatives, the Agreement outlines
environmental protection commitments that combine traditional
knowledge and modern technologies for the Coffee gold project. The
Agreement is one of many First Nation partnerships for Goldcorp
across the Canadian landscape and the first for the Company in the
Yukon. A signing ceremony took
place earlier today in Dawson
City, Yukon.
"The completion of this Agreement is a testament to our
commitment to building strong, collaborative relationships based on
open, honest communication and will lay a solid foundation for our
ongoing partnership in TH's traditional territory", said
David Garofalo, President and CEO of
Goldcorp. "Through strong collaboration, mutual commitments and
respect for each other, together, we can create shared value with
mutual benefits through all stages of Coffee's mine life."
"It took a significant amount of effort by TH and our citizens
to achieve the agreement we have today. Our discussions went back
several years, including workshops and many meetings throughout the
exploration, feasibility, pre-YESAB and post YESAB review stages",
said Roberta Joseph, Chief of
Tr'ondëk Hwëch'in. "Our collaborative agreement provides for
economic opportunities for TH, ensures we will be able to take the
necessary steps with Goldcorp to protect the environment and
establishes a solid relationship which addresses the values of our
Treaty Rights and community recommendations, all of which taken
together provides TH and Goldcorp with the certainty we each need
for the project to move forward. We're very pleased and we look
forward to working with Goldcorp throughout the life of the
project."
Through consultation with the TH government and citizens,
priorities were determined, and as a result the Collaboration
Agreement includes measurable benefits for TH citizens, including
business development opportunities, sustainable solutions,
regulatory permitting consultation and future financial
contributions.
"We are incredibly pleased to see the Coffee gold project take
this important step forward. Finalizing a Collaboration Agreement
like this is no small feat, and speaks to the hard work, dedication
and focus of so many that have worked on this project since its
inception.", said Premier Sandy
Silver "I am more than impressed by the way Tr'ondëk
Hwëch'in and Goldcorp have come together around these wide-ranging
social, economic and environmental priorities. It's a shining
example of what Umbrella Final Agreement implementation can look
like when we unite to create a more prosperous future in
Yukon."
The Coffee gold project is a high-grade potential open pit and
heap leach development project that has the potential to grow into
a large district-scale operation. Production is expected in
2021.
About Goldcorp www.goldcorp.com
Goldcorp is a senior gold producer focused on responsible mining
practices with safe, low-cost production from a high-quality
portfolio of mines.
About Tr'ondëk Hwëch'in http://www.trondek.ca/
The Tr'ondëk Hwëch'in are a self-governing Yukon First Nation
based in Dawson City. The Tr'ondëk
Hwëch'in government ensures a strong and healthy future for
citizens while maintaining connections to traditional knowledge,
cultural values and the environment.
Cautionary Statement Regarding Forward Looking
Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the United States Securities Act of
1933, as amended, Section 21E of the United States Exchange Act of
1934, as amended, the United States Private Securities Litigation
Reform Act of 1995, or in releases made by the United States
Securities and Exchange Commission, all as may be amended from time
to time, and "forward-looking information" under the provisions of
applicable Canadian securities legislation, concerning the
business, operations and financial performance and condition of
Goldcorp. Forward-looking statements include, but are not limited
to, the realization of mineral reserve estimates, the timing of
future production, timing of the development of new deposits, and
permitting and certification time lines. Forward-looking statements
are necessarily based upon a number of factors and assumptions
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 Goldcorp's 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. 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 the risks discussed in the section entitled
"Description of the Business – Risk Factors" in Goldcorp's most
recent annual information form available on SEDAR at www.sedar.com
and on EDGAR at www.sec.gov. 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. Goldcorp does not intend or undertake to
publicly update any forward-looking statements that are included in
this document, whether as a result of new information, future
events or otherwise, except in accordance with applicable
securities laws.
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SOURCE Goldcorp Inc.