Newmont sells Ontario mine to Orla for $850 million
The addition of the Musselwhite mine to its portfolio more than doubles Orla Mining's gold output to 300,000 ounces per year.
Canadian mining giant Goldcorp Inc. has been recognized by Nasdaq as one of the Top 100 companies in the world for its sustainability practices.
The Index is an equity-weighed index made up of 100 companies that lead in measuring and reporting their carbon footprint, energy usage, water consumption, hazardous and non-hazardous waste generation, workforce initiatives and community investment.
Companies included in the Index must voluntarily disclose their current environment, social and governance risks as well as their revenue opportunities and how it will affect future performance.
Said Chuck Jeannes, Goldcorp’s President and CEO: “Goldcorp’s commitment to responsible mining and sustainable prosperity for all of our stakeholders and our focus on corporate social responsibility programs throughout the organization remain the basis for how we conduct our operations world-wide.”
For the full press release click here.
Goldcorp was also added to the Dow Jones Sustainability Index North America in 2010. On Wednesday Goldcorp was trading slightly up on the Toronto Stock Exchange at $48.66. The stock is up over 6% year to date. In May the company reported first quarter earnings of $651m, more than double the comparable 2010 figure.
Image of moose at the Tailings Management System at Goldcorp’s Red Lake project in Northwestern Ontario courtesy of the company.
According to Goldcorp’s website Red Lake Gold Mines has had a long and colorful history. The Red Lake Gold Rush began in 1926, during the last of the era’s great gold rushes. Early efforts to locate viable gold stakes were unsuccessful and most prospectors left the area in frustration. In 1944, as World War II drew to an end, exploratory drilling struck gold in what is now known as Balmertown to begin a long line of successes.
