Thursday, November 29, 2018 11:15:37 AM
NOV 29, 2018
VANCOUVER, Nov. 29, 2018 /CNW/ -
GOLDCORP INC. (TSX: G, NYSE: GG) Goldcorp is pleased to announce first
gold has been achieved at Peñasquito's (100% owned, Mexico),
Pyrite Leach Project ("PLP").
Commissioning commenced in the third quarter of 2018 and the PLP is
now processing 100% of the existing plant tailings.
The PLP plant is operating 24 hours a day and is continuing
the planned ramp-up process.
"PLP was a major investment decision for Goldcorp and one of the first
that went through our Goldcorp Investment Framework." said
David Garofalo, President and Chief Executive Officer of Goldcorp.
"We are very pleased with the results in completing the project
both ahead of budget and schedule.
We are already moving forward with a post investment review where
we can take our lessons learned to continue to improve our
framework and overall capital allocation strategy."
Key Highlights:
With a focus on safety and reliability, the PLP has been delivered with
over 9.5 Million site-hours, Zero Lost Time Incidents (LTIs) and an
Industry-Leading All Injury Frequency Rate (AIFR) of 0.09.
100% constructed by Mexican Workforce.
Commissioning achieved two quarters ahead of schedule.
Overall project completed 9% under budget.
Commercial production is now expected by the end of 2018,
two quarters ahead of plan.
The Pyrite Leach Project is expected to recover approximately
35% of the gold and 42% of the silver currently reporting to the
tailings and is expected to add production of over
1 million ounces of gold and 45 million ounces of silver over
the current life of the mine.
The PLP plant processes the existing plant tails, feeding a sequential
flotation and leach circuit with precious metals recovered through a
Merrill Crowe process, producing doré as the final product.
Tails from the new plant will report to the existing tailings storage
facility.
As the plant is ramped up to achieve design recovery, there will be
ongoing optimization of the circuit chemistry and regrind performance.
The Carbon Pre-flotation circuit "CPP", which is integral to the
performance of the PLP and existing plant, was commissioned in
the second quarter as planned and the circuit has now treated
six million tonnes of high-carbon ore and is now operating and
exceeding initial performance expectations.
The completion of the CPP de-risks not only stockpile material,
it also enhances flexibility to sequence ores and has the
capability to process the complex organic carbon ore types
remaining in the reserves.
CPP achieved commercial production on October 1, 2018.
The CPP circuit currently consists of three stages of flotation to
remove organic carbon from the cyclone overflow prior to
the existing lead flotation circuit.
About Goldcorp
Goldcorp is a senior gold producer focused on responsible mining
practices with safe, low-cost production from
a high-quality portfolio of mines.
Cautionary Note Regarding Forward Looking Statements
This press release contains "forward-looking statements" ----or "will",
"occur" or "be achieved" or the negative connotation thereof.
Forward-looking statements are necessarily based upon a number--
--events or results not to be as anticipated, estimated or intended.
Forward-looking statements are subject to known and unknown risks,
----except in accordance with applicable securities laws.
For further information, please contact:
INVESTOR CONTACT
MEDIA CONTACT
Shawn Campbell
Christine Marks
Director, Investor Relations
Director, Corporate Communications
Telephone: (800) 567-6223
Telephone: (604) 696-3050
E-mail: info@goldcorp.com
E-mail: media@goldcorp.com
Cision View original content:
http://www.prnewswire.com/news-releases/goldcorp-announces-first-gold-at-the-pyrite-leach-project-300757539.html
SOURCE Goldcorp Inc.
Goldcorp Announces Commencement of Normal Course Issuer Bid
VANCOUVER, Oct. 29, 2018 /PRNewswire/ -
GOLDCORP INC. (TSX:G, NYSE:GG) ("Goldcorp") announces that that it has
received approval from the Toronto Stock Exchange ("TSX") of its
Notice of Intention to Make a Normal Course Issuer Bid (the "NCIB").
Under the NICB, Goldcorp may purchase for cancellation
up to 43,476,502 Common Shares (representing 5% of its
869,530,053 issued and outstanding Common Shares as
of October 26, 2018) over a twelve month period
commencing on October 31, 2018.
The NCIB will expire no later than October 30, 2019.
https://web.tmxmoney.com/article.php?newsid=7475994398172073&qm_symbol=G
http://www.goldcorp.com
Rallying Gold, Declining USDX, and the CoT Comments
http://news.goldseek.com/GoldSeek/1541595720.php
Large Canadian gold miners ‘to finish year strong’ despite lower prices – EY
7TH NOVEMBER 2018
BY: CREAMER MEDIA REPORTER
http://www.miningweekly.com/article/large-canadian-gold-miners-to-finish-year-strong-despite-lower-prices-ey-2018-11-07
Despite lower gold prices in the second and third quarters of the year,
Canada’s large-cap gold companies are trending towards a stronger second
half and most of them are looking to finish the year strong, EY Canada
Mining and Metals transaction leader Jay Patel said on Tuesday.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144717628
PRECIOUS-Gold gains on weaker dollar; U.S. election in focus
3 MIN READ
BENGALURU, Nov 7 (Reuters) -
Gold prices rose on Wednesday amid a weaker dollar, with investors waiting
for the outcome of U.S. midterm elections that could see Republicans lose
their grip on Congress.
https://www.reuters.com/article/global-precious/precious-gold-gains-on-weaker-dollar-u-s-election-in-focus-idUSL4N1XI05V?rpc=401&
----
Ex-Morgan trader pleads guilty to rigging monetary metals, implicates
supervisors at bank
Submitted by cpowell on Tue, 2018-11-06 22:09. Section: Documentation
How did that "exhaustive" investigation of the silver market by the U.S.
Commodities Futures Trading Commission miss this? How will the World
Gold Council and most monetary metals mining companies continue to miss
it?
How many more anti-trust lawsuits will this prompt?
Anybody seen Blythe Masters lately?
* * *
Former JP Morgan Trader Pleads Guilty to Manipulating U.S. Metals
Markets for Years
By Hugh Son and Dan Mangan
CNBC, New York
Tuesday, November 5, 2018
An ex-J.P. Morgan Chase trader has admitted to manipulating the U.S.
markets of an array of precious metals for about seven years -- and he
has implicated his supervisors at the bank.
John Edmonds, 36, pleaded guilty to one count of commodities fraud and
one count each of conspiracy to commit wire fraud, price manipulation,
and spoofing, according to a release today from the U.S. Department of
Justice:
https://www.justice.gov/opa/pr/former-precious-metals-trader-pleads-guil...
Edmonds spent 13 years at New York-based J.P. Morgan until leaving last
year, according to his LinkedIn account.
As part of his plea, Edmonds said that from 2009 through 2015 he
conspired with other J.P. Morgan traders to manipulate the prices of
gold, silver, platinum, and palladium futures contracts on exchanges
run by the CME Group.
He and others routinely placed orders that were quickly canceled before
the trades were executed, a price-distorting practice known as
spoofing.
"For years John Edmonds engaged in a sophisticated scheme to manipulate
the market for precious metals futures contracts for his own gain by
placing orders that were never intended to be executed," Assistant
Attorney General Brian Benczkowski said in the release.
Of note for J.P. Morgan, the world's biggest investment bank by revenue:
Edmonds, a relatively junior employee with the title of vice president,
said that he learned this practice from more senior traders and that
his supervisors at the firm knew of his actions.
Edmonds pleaded guilty under a charging document known as an
"information."
Prosecutors routinely use them to charge defendants who have agreed to
cooperate with an ongoing investigation of other people or entities. ...
... For the remainder of the report:
https://www.cnbc.com/2018/11/06/ex-jp-morgan-trader-pleads-guilty-to-man...
http://www.gata.org/node/18596
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless
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