Significant Milestone in Development of Borden
Gold, Canada's First All-Electric
Underground Mine
VANCOUVER, June 6, 2018 /CNW/ - GOLDCORP INC.
(TSX: G) (NYSE: GG) ("Goldcorp" or "the Company") and three
First Nation communities including Brunswick House First Nation
(BHFN), Chapleau Cree First Nation (CCFN), and Chapleau Ojibwe
First Nation (COFN) are pleased to announce the signing of an
Impacts and Benefits Agreement (IBA) with respect to the
development and operation of the Borden Gold project near the town
of Chapleau in northern
Ontario. Goldcorp now has
collaborative agreements in place with 26 First Nations which
assert Aboriginal and treaty rights in the vicinity of its
operations in Canada.
The formal signing of the IBA follows successful negotiations
with the three First Nations, and is a milestone marking the first
time these three First Nation communities are involved with a
mining project.
Under the agreement, Goldcorp recognizes and respects the rights
and interests these First Nations have around the Borden project site, and the three First
Nation communities recognize and support Goldcorp's rights and
interests in the development and future operation of the mine. The
agreement also reflects Goldcorp's commitment to protecting the
environment and supporting Aboriginal social and cultural practices
in a spirit of continued collaboration.
"Successful relationships are built on trust, mutual respect,
meaningful engagement, and they require sincere commitment from all
involved. I'm pleased with the work accomplished by the group and I
feel very proud that Goldcorp is the first mining company to
partner with the Brunswick House, Chapleau Cree and Chapleau Ojibwe
First Nation communities. We recognize the importance of nurturing
our partnerships and collaborating with our project neighbours to
ensure the sustainability of the local communities surrounding
Borden Gold," said Marc Lauzier,
Mine General Manager at Goldcorp's Porcupine Gold Mines,
responsible for the development of Borden.
After over two years of open, honest communications, the IBA
outlines provisions for environmental and health protections that
combine innovation and the use of modern technology to develop
Borden Gold into Canada's first
"all electric" underground mine, eliminating the use of vehicles
powered by fossil fuels. The agreement also includes provisions for
employment and training, and business and contracting
opportunities, along with a framework for regulatory
permitting.
"On behalf of our council and our community members, I am
pleased we have entered into the Impacts and Benefits Agreement
with Goldcorp for the Borden Gold project. This is our first
partnership in mining, and although our relationship is young and
still evolving, we are hopeful for the future of the project and
for the opportunities that it will create. We appreciate the
efforts of Goldcorp and are thankful for them recognizing our
connection to the land and for their commitment to protecting it
while in their care," said Chief Lisa
VanBuskirk of Brunswick House First Nation.
Chief Keith Corston of Chapleau
Cree First Nation commented: "The Chapleau Cree First Nation is
pleased to have entered into this agreement with Goldcorp. This is
an important milestone in our journey to form meaningful
relationships with industry and to create sustainable opportunity
for our community. Open and trusting dialogue and engagement are
the cornerstones of successful relationships and we trust in
Goldcorp to uphold the highest standards of environmental
protections so that our future generations of children and families
can continue practicing a cultural and traditional way of
life."
Chief Anita Stephens of Chapleau
Ojibwe First Nation remarked: "As the Chief of the Chapleau Ojibwe
First Nation, I extend my esteemed congratulations on the Borden
Gold development and the processes by which it has come to be. I
would also like to convey that I am proud and excited about the
future. These years of negotiations, which included trust and
relationship-building, unlock exciting possibilities and prospects
regarding this project. It is with great respect and humility that
we took part in and witnessed the commitments and responsibilities
with Goldcorp's involvement with the aboriginal communities."
Goldcorp's Borden project will
be starting a bulk sample extraction of up to 30,000 tonnes
shortly, with the first sample expected by the end of the summer.
Commercial operation of the mine is anticipated to begin in
2019.
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 Brunswick House First Nation
www.brunswickhousefirstnation.com
Brunswick House First Nation is situated south of the
Borden gold project on Hwy 101
East, near the town of Chapleau,
Ontario. A member of the Nishnabe-Aski Nation, BHFN is also
affiliated with the Wabun Tribal Council.
Traditionally, members were mainly trappers and fur-traders.
However, they are currently pursuing opportunities in mining,
renewal energy, blueberry farming and provide for educational,
health and employment & training opportunities for its'
membership.
About Chapleau Cree First Nation
www.chapleaucree.ca
Chapleau Cree First Nation (Fox Lake Reserve) is situated 5
kilometres southwest of the town of Chapleau, Ontario. In 1989, the Chapleau Cree
First Nation negotiated with the Federal and Provincial governments
and the local municipality for land to establish a permanent
community. Employment and infrastructure has increased over the
years and the reserve now houses 30 homes, a senior's residence
(Mukeso House), Administrative Offices Band Complex (Isiah Saylor's Complex), Health Centre, Public
Works Garage, Water Treatment Plant, and the band-owned Pimii Kamik
Gas Bar. They are part of the Nishnawbe-Aski Nation.
About Chapleau Ojibwe First Nation
www.chapleauojibwe.ca
Chapleau Ojibwe First Nation is situated near the town of
Chapleau, Ontario. Their
historical kinship and relationship with the land draws them west
to the shores of Lake Superior and
south to the shores of Lake Huron,
rather than north into Cree territory to the shores of James Bay. They are part of the Nishnawbe-Aski
Nation.
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.