|
|
Musselwhite is principally an underground gold mine and associated processing plant producing nearly a quarter of a million ounces of gold annually. The mine is situated in northwestern Ontario, Canada and as of December 21, 2007 is now owned 100% by Goldcorp Inc. Previous to this Goldcorp was 68% owner and operator and Kinross Gold Corporation held a 32% interest in the mine. Musselwhite has established an innovative agreement with the First Nation people which provides for a range of education, training, employment and business related services for local communities.
At January 1, 2007 proven and probable gold reserves at Musslewhite were 1.78 million ounces. Musselwhite is expected to produce in the range of 225,000-250,000 gold ounces annually at a total cash cost between $380-$420 per ounce. In 2007, Goldcorp's 68% share of production at Musselwhite totaled approximately 155,700 ounces of gold, which was 5% higher than 2006. |
OPERATING STATISTICS
|
Musselwhite |
2004 (actual)* |
2005 (actual)* |
2006 (actual)* |
2007 (actual) ** |
| Ore milled Tonnes(000’s) |
992 |
1005 |
884,900 |
911,100 |
| Milled grade Au g/t |
5.35 |
5.44 |
5.51 |
5.41 |
| Total Recovery Au % |
95.76 |
95.01 |
95 |
96 |
| Oz. Produced Au Oz |
163,231 |
170,260 |
148,800 |
155,700 |
| Total Cash Cost US$/oz |
$269 |
$324 |
$425 |
$491 |
*Operating statistics for 2004,2005, 2006 represent 68% ownership of Musselwhite mine.
** On December 21, 2007, Goldcorp acquired Kinross Gold Corporation’s 32% interest in the Musselwhite gold mine, and, as a result, the table above reflects Goldcorp’s 100% ownership from December 21, 2007.
Musselwhite Drill Hole Data
 Thunderwolves Drill Hole Results
Moose Drill Hole Results
North Shore Drill Hole Results
PQ Deeps A Drill Hole Results
PQ Deeps B Drill Hole Results
Musselwhite Maps November 2007
|
