TSX: G $ 16.20 -0.50 -2.99% Volume: 2,742,808 August 18, 2017
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GOLD: US $ 1,285.25 -3.51 -0.27% Volume: August 18, 2017

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Unrivalled-Assets

Workplace safety

Marlin’s safety culture has benefited from successful safety initiatives including daily and weekly safety talks, monthly inspections and training.

Environmental

The Marlin mine operates in compliance with the environmental standards and regulations of Guatemala, and with World Bank guidelines for the mining industry. Marlin adheres to internal Goldcorp standards to ensure that the highest level of environmental stewardship is achieved.

Marlin was the first mine in Central America to be fully certified under the International Cyanide Management Code, the international benchmark for transporting, storing and using cyanide. Marlin’s Environmental Management System (EMS) is designed to promote continuous improvement in the environmental management of the operation. The EMS concentrates on four phases: policy and planning, implementation, evaluation, and review and Improvement.

Reclamation and Closure

Even before any Goldcorp mine commences production, the company is already planning for its eventual closure, when the site will be returned to the local community. The Marlin Closure Plan for the open pit and waste rock storage facility was approved by the Guatemalan Ministry of Environment and Natural Resources (MARN) in October 2012. The Executive Summary of that plan is available here.

Goldcorp’s wholly owned subsidiary, Montana Exploradora de Guatemala (Montana), submitted the corresponding compliance bond to the MARN in the amount of 223,631,160.89 Quetzales on October 16, 2012, which is approximately equivalent to US$28 million. The closure compliance bond amount established with MARN will be adjusted according to actual conditions and as subsequent sections of the closure plan are updated, reviewed and approved by the MARN.

Subsequent sections of the closure plane will be updated as required by the MARN. The geochemical, hydrological and geotechnical assessments required for the Tailings Impoundment Closure Plan will be conducted during 2013, and a final plan is expected to be submitted to the authorities in 2014.