Advancing toward production in 2014, a major new project in James Bay, Canada.
The Éléonore project is one of the significant projects in the Goldcorp development pipeline and a key component of our next generation of growth projects. On target for first production in late-2014, development is proceeding on schedule.
A 2011 pre-feasibility study update for Éléonore calls for robust, low-cost gold production in the heart of one of the most attractive mining jurisdictions in the world. In conjunction with refinements to earlier technical work, the new development plan details a doubling of the plant throughput to 7,000 tonnes per day, contributing to an average of more than 600,000 ounces of gold production per year. The deposit remains open at depth and future exploration success creates the potential for further gold production upside.
The development plan detailed accessing the Roberto deposit through two shafts and in December, 2012 the production shaft sinking commenced. Underground exploration drilling from the recently completed Gaumond exploration shaft will accelerate in 2013, enabling further definition drilling of the deep portion of the Roberto deposit to proceed. The exploration ramp excavation continues to advance and currently, four diamond drills are conducting definition drilling from strategic working platforms in the ramp.