In development: A major new gold project with synergies to the Red Lake mine.
The Cochenour project is an important part of Goldcorp’s future plans in the Red Lake district, providing sustained, high-quality gold production. First development ore was achieved in the fourth quarter of 2014 with first production ore expected in the third quarter of 2015. A study of the overall project was completed that concluded that the center of the Bruce Channel ore body is lower than previously expected, necessitating the deepening of the Cochneour shaft by 245 meters. Following ramp-up to full production, forecast life-of-mine gold production is expected to be between 225,000 - 250,000 ounces per year.