Goldcorp stays positive on Eleonore gold mine

Goldcorp (TSX:G; NYSE: GG) highlights the potential at its Eleonore gold mine in northern Quebec, despite recently lowering the project’s 2015 production forecast, partly due to higher than expected mining dilution.

“Looking forward, I’m not worried about Eleonore. It is a great plant; it’s a great orebody,” Chuck Jeannes, the company’s president and CEO, said in a Sept. 22 webcast presentation at the Denver Gold Forum.

The underground mine reached commercial production on April 1, 2015, after pouring first gold last October. The slower than anticipated start-up resulted from commissioning issues in the first half of 2015, relating to the tailings filter press and primary crusher feeder. However, those issues have been resolved, Jeannes says.

In August, the Eleonore mill achieved nameplate capacity of 7,000 t/d, with roughly 2,000 tonnes of the feed coming from low-grade stockpiles.

Read the complete article at NorthernMiner.com/news/goldcorp