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Goldcorp
Goldcorp Inc. was a gold production company headquartered in Vancouver, British Columbia, Canada. The company stood among the largest gold producers in the world, employed about 15,800 people worldwide, engaged in gold mining and related activities including exploration, extraction, processing and reclamation. Goldcorp’s operating assets included eleven mines in North and South America.
In 2019, Goldcorp merged with Newmont Mining Corporation, the world’s second-largest producer of gold.
In June 2016, Goldcorp was named one of Corporate Knights magazine's Best 50 Corporate Citizens in Canada. In the same year, the company was also ranked among Canada's Top 100 Employers. Goldcorp has repeatedly been accused of harming the environment, livestock, and public health in multiple studies by advocacy groups and activists, contaminating areas with toxic heavy metals by its mining activities. These allegations have been denied by the company and none have been proven in a court of law. The company's track record around transparency, policies and practices has improved since a damning 2010 study accused the company of human rights violations.
Goldcorp’s operating assets included mines in Canada, Mexico, Central and South America. Goldcorp also has a number of projects including the Coffee, Cochenour and Borden projects in Canada,[citation needed] and NuevaUnión (formerly known as Project Corridor), a joint venture with Teck Resources in Chile.
In 2017, Goldcorp announced it had formed a 50/50 joint venture with Barrick Gold to consolidate the Maricunga Gold Belt in the Atacama Region of northern Chile. On June 9, Goldcorp acquired the minority 25% interest held by Kinross Gold in Cerro Casale and 100% interest in the Quebrada Seca exploration project for US$260 million and a 1.25% royalty interest in favor of Kinross on 25% of gross revenues from payable metal from Cerro Casale and Quebrada Seca, with Kinross foregoing the first $10 million payable, a contingent payment of $40 million payable after a construction decision at Cerro Casale, and assumption of a $20 million obligation to Barrick payable on commercial production at Cerro Casale.
In April 2017, Goldcorp closed on the sale of its Los Filos gold mine Guerrero State, Mexico to Leagold Mining for US$350 million. The transaction included US$279 million in cash and $71 million in common shares of Leadgold. Goldcorp also nominated Russell Ball, the Leagold's board of directors.
In June 2017, Goldcorp announced it had formed a 50/50 joint venture with Barrick Gold to develop the Maricunga District in Chile. The transaction included the acquisition of Exeter Resource Corp. along with a US$260 million payment at closing to Kinross Gold. Goldcorp also granted Kinross a 1.25% royalty on the Cerro Casale and Quebrada Seca deposits.
A week-long protest and blockade disrupted operations at the Peñasquito mine during the first week of October 2017.
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Goldcorp
Goldcorp Inc. was a gold production company headquartered in Vancouver, British Columbia, Canada. The company stood among the largest gold producers in the world, employed about 15,800 people worldwide, engaged in gold mining and related activities including exploration, extraction, processing and reclamation. Goldcorp’s operating assets included eleven mines in North and South America.
In 2019, Goldcorp merged with Newmont Mining Corporation, the world’s second-largest producer of gold.
In June 2016, Goldcorp was named one of Corporate Knights magazine's Best 50 Corporate Citizens in Canada. In the same year, the company was also ranked among Canada's Top 100 Employers. Goldcorp has repeatedly been accused of harming the environment, livestock, and public health in multiple studies by advocacy groups and activists, contaminating areas with toxic heavy metals by its mining activities. These allegations have been denied by the company and none have been proven in a court of law. The company's track record around transparency, policies and practices has improved since a damning 2010 study accused the company of human rights violations.
Goldcorp’s operating assets included mines in Canada, Mexico, Central and South America. Goldcorp also has a number of projects including the Coffee, Cochenour and Borden projects in Canada,[citation needed] and NuevaUnión (formerly known as Project Corridor), a joint venture with Teck Resources in Chile.
In 2017, Goldcorp announced it had formed a 50/50 joint venture with Barrick Gold to consolidate the Maricunga Gold Belt in the Atacama Region of northern Chile. On June 9, Goldcorp acquired the minority 25% interest held by Kinross Gold in Cerro Casale and 100% interest in the Quebrada Seca exploration project for US$260 million and a 1.25% royalty interest in favor of Kinross on 25% of gross revenues from payable metal from Cerro Casale and Quebrada Seca, with Kinross foregoing the first $10 million payable, a contingent payment of $40 million payable after a construction decision at Cerro Casale, and assumption of a $20 million obligation to Barrick payable on commercial production at Cerro Casale.
In April 2017, Goldcorp closed on the sale of its Los Filos gold mine Guerrero State, Mexico to Leagold Mining for US$350 million. The transaction included US$279 million in cash and $71 million in common shares of Leadgold. Goldcorp also nominated Russell Ball, the Leagold's board of directors.
In June 2017, Goldcorp announced it had formed a 50/50 joint venture with Barrick Gold to develop the Maricunga District in Chile. The transaction included the acquisition of Exeter Resource Corp. along with a US$260 million payment at closing to Kinross Gold. Goldcorp also granted Kinross a 1.25% royalty on the Cerro Casale and Quebrada Seca deposits.
A week-long protest and blockade disrupted operations at the Peñasquito mine during the first week of October 2017.