Canadian Mining Journal

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AGREEMENT: Goldcorp, Wemindji sign deal covering lonore project

QUEBEC - Vancouver-based Goldcorp and the Cree Nation of Wemindji have signed a collaboration agreement regarding the development and operation of the company's Éléonore gold project in the James Bay region.



QUEBEC – Vancouver-based Goldcorp and the Cree Nation of Wemindji have signed a collaboration agreement regarding the development and operation of the company’s Éléonore gold project in the James Bay region.

The community formally approved the agreement on Jan. 26, 2011, with the unanimous consent of Wemindji’s chief and council. It was subsequently approved unanimously by the Grand Council of the Crees (Eeyou Istchee) and the Cree Regional Authority on Feb. 3, 2011, representing the support of the Cree Nation as a whole. The project is ensured a stable regional environment for the development and operation.

The agreement aligns Goldcorp and Cree interests in the economic success of the project. The Crees will benefit through a variety of fixed payment mechanisms and participation in the future profitability of the mine. The agreement also reflects Goldcorp’s commitment to protecting the environment and supporting the Crees’ social and cultural practices in a spirit of continued collaboration.

Detailed information about the Éléonore gold project is available at www.Goldcorp.com.