ONTARIO – Goldcorp of Vancouver and the Lac Seul First Nation have signed a collaboration agreement that constructs a framework for continued consultation and support for current and future operations of Red Lake Gold Mines, in particular the start-up of the Cochenour gold project. A signing ceremony was held in Red Lake on Friday, Aug. 16, 2013.
The agreement lays the foundation for future benefits for the Lac Seul First Nation and the framework for consultation on regulatory permitting and Goldcorp's financial contributions to the community. Additional funding is specified for the Lac Seul First Nation Business Equity Fund and for the Lac Seul Training Centre of Excellence. The centre, founded last year, provides training as well as scholarships and bursaries for Lac Seul youth to pursue postsecondary education.
“Collaboration is only possible with open communication from both sides. This agreement, and the ongoing consultation that will result from it, demonstrates what can be achieved when industry and First Nations work closely together to foster mutual understanding and respect,” said Chris Cormier, Red Lake general manager. "We look forward to working in partnership with Lac Seul First Nation to foster continued dialogue and to implement the initiatives set out in the agreement."
Red Lake Gold Mines produced more than 500,000 oz of gold in 2012. The Cochenour project will begin production in 2015. More information is available at Goldcorp.com.