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Goldcorp confident in future of Quebec mine despite hiccups

Published 2015-09-22, 01:56 p/m
© Reuters. Goldcorp confident in future of Quebec mine despite hiccups
GG
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DENVER, Sept 22 (Reuters) - Goldcorp Inc G.TO remains
confident in the future of its Eleonore gold mine in Quebec, its
chief executive said on Tuesday, two weeks after the miner cut
its 2015 output forecast for its newest mine due to unexpected
folds and faults in the underground ore body.
CEO Chuck Jeannes said Goldcorp expects only 10 percent of
the ore body to be affected and that the conditions will exist
for the rest of the year.
"Looking forward, I am not worried about Eleonore. It is a
great ore body, a great plant," he said in a presentation at the
Denver Gold Forum, an industry conference.
On Sept. 8, Vancouver-based Goldcorp, the world's biggest
gold miner by market value, cut its Eleonore forecast to between
250,000 and 270,000 ounces of gold this year.
That is down on a previous forecast of "at or below" 290,000
and 330,000 ounces.
Goldcorp said at the time that the production cut at
Eleonore, its newest mine, would not affect full-company
production. It is still forecasting 2015 output at the higher
end of a 3.3 million to 3.6 million ounce range.

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