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 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 conjuction with refinements to earlier technical work, the new development plan details a doubling of the plant thorughput to 7,000 tonnes per day, contributing to an average of more than 600,000 ounces of gold production per year over an approximate 15-year mine life. The deposit remains open at depth and future exploration success creates the potential for further gold production upside.  Life-of-mine cash costs are expected to be below $400 per ounce.

In November, 2011 the Certificate of Authorization was issued by the Quebec Minister of Sutatinable Development, Environment and Parks allowing full construction of the project, which is now well underway.