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 beginning in 2014. Annual gold production is expected to average 250,000 to 275,000 ounces, over an approximate 20-year mine life at a total cash cost below $350 per ounce.

The Cochenour/Bruce Channel deposit is located down-dip from the historic Cochenour mine. To access the resource, the existing Cochenour shaft is being widened, while at the same time a five-kilometre underground drift is under construction that will allow efficient ore hauling from Cochenour to the existing processing facilities at Red Lake's Campbell milling operation.  The drift also opens up exploration, at depth, of five kilometres of untested ground in one of the world’s richest gold districts.

The Cochenour-Red Lake haulage drift is advancing at a rate of approximately 18 feet a day, and is over 35% complete. Once in operation, the haulage drift is expected to handle approximately 1,500 tonnes of ore per day. Exploration drilling from the surface has also ramped up: currently, four drills are working on delineating and expanding the resource.