GoldCorp And Lac Seul First Nations Solidify Partnership With Collaboration AgreementMonday August 19, 2013 12:30 PM
GoldCorp Inc (NYSE: GG) (TSX: G) and the Lac Seul First Nations have an important step together to support the current and future operations of Red Lake Gold Mines, GoldCorp’s top producing mine. On Friday, the mining company and the first nations group signed the Obishikokaang Collaboration Agreement, which lays the foundation for future benefits for the Lac Seul First Nation, including training and employment opportunities, business and contracting opportunities, and a framework for consultation on regulatory permitting as well as Goldcorp’s future financial contributions in support of community development. “This agreement demonstrates that Lac Seul First Nation can work successfully with industry,” says Chief Clifford Bull of Lac Seul First Nation. “I want to extend my gratitude to Goldcorp for working with our First Nation to develop this Obishikokaang Collaboration Agreement, which will help create prosperity within our First Nation and the region, and certainty for Goldcorp.” The agreement comes at an important time as the mining company is developing the Cochenour Project, which the company says is essential to Red Lake’s production profile and is expected to start operations in 2015. In 2012 Red Lake Gold Mine produced 507,700 ounce of gold.