(Kitco) – GoldCorp Inc (NYSE: GG) (TSX: G) and the Lac Seul First countries have an significant step simultaneously to support the current and future procedures of Red Lake Gold Mines, GoldCorp’s peak producing mine.
On Friday, the excavation business and the first countries assembly marked the Obishikokaang Collaboration Agreement, which lays the foundation for future advantages for the Lac Seul First Nation, encompassing teaching and employment possibilities, enterprise and contracting possibilities, and a structure for consultation on regulatory allowing as well as Goldcorp’s future financial contributions in support of community development.
“This agreement illustrates that Lac Seul First territory can work effectively with industry,” says head Clifford Bull of Lac Seul First territory. “I desire to extend my thankfulness to Goldcorp for working with our First Nation to evolve this Obishikokaang Collaboration Agreement, which will help conceive prosperity inside our First territory and the district, and certainty for Goldcorp.”
The agreement arrives at a significant time as the excavation business is developing the Cochenour Project, which the business states is essential to Red Lake’s production profile and is anticipated to start procedures in 2015. In 2012 Red lagoon Gold Mine produced 507,700 ounce of gold.