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Goldcorp Inc. (TSX:G,NYSE:GG) announced that it’s achieved commercial production at its Quebec-based Eleonore mine.
Goldcorp Inc. (TSX:G,NYSE:GG) announced that it’s achieved commercial production at its Quebec-based Eleonore mine.
As quoted in the press release:
First gold production was achieved on October 1, 2014 and Éléonore is expected to produce between 290,000 and 330,000 ounces of gold in 2015, with production weighted towards the second half of the year. For accounting purposes the Company will commence recognizing revenues from the sale of gold and mine operating costs in its consolidated statement of earnings effective April 1, 2015.
Chuck Jeannes, president and CEO of Goldcorp, commented:
We look forward to Éléonore’s strong contribution to our growth profile as it ramps-up to full production between now and the first half of 2018. The mine is expected to be a significant contributor for many years to come. Éléonore has strong reserve growth opportunities as the deposit remains open at depth and we are just beginning to test the district exploration potential.
Click here to read the full Goldcorp Inc. (TSX:G,NYSE:GG) press release.