Goldcorp suspends mining at Pamour (September 29, 2008)

Goldcorp (G-T, GG-n) has suspended mining at its Pamour gold mine, near Timmins, Ont. According to a Reuters news report, company spokesman Jeff Wilhoit said that the suspension decision was made because of falling gold prices.

Wilhoit said that the mine was not material to Goldcorp’s overall results. The open-pit mine is one of three that make up Goldcorp’s Porcupine operation, which produced 300,000 oz. gold in 2007. Costs at Pamour were high, while grades were lower than anticipated.

Wilhoit said that he did not anticipate further closures at present gold prices. The company will revisit the Pamour closure decision at a later date.

Print

Be the first to comment on "Goldcorp suspends mining at Pamour (September 29, 2008)"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close