Goldcorp (GG) Sees Peñasquito Still Achieving FY12 Targets
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Goldcorp, Inc. (NYSE: GG) will host its annual Investor Day on Thursday, March 29, 2012 at 8:00am EDT. The senior management team will discuss details of the mines and projects that are expected to drive 70% growth in gold production over the next five years.
At the Company's flagship Peñasquito mine in Zacatecas, Mexico, the High Pressure Grinding Roll ("HPGR") supplemental feed system has now been successfully commissioned, positioning the mine to achieve its design processing capacity. Peñasquito remains on track to achieve 2012 production guidance of 425,000 ounces of gold, 26 million ounces of silver, 400 million pounds of zinc and 180 million pounds of lead.
As expected, plant throughput during the first quarter of 2012 has been affected by the tie-in and commissioning of the HPGR system and planned milling circuit maintenance. Throughput has averaged over 110,000 tonnes per day over the last three weeks including record throughput of 143,000 tonnes on March 13. Activities at Peñasquito over the balance of 2012 will focus on further optimization of the processing line.
At the Company's flagship Peñasquito mine in Zacatecas, Mexico, the High Pressure Grinding Roll ("HPGR") supplemental feed system has now been successfully commissioned, positioning the mine to achieve its design processing capacity. Peñasquito remains on track to achieve 2012 production guidance of 425,000 ounces of gold, 26 million ounces of silver, 400 million pounds of zinc and 180 million pounds of lead.
As expected, plant throughput during the first quarter of 2012 has been affected by the tie-in and commissioning of the HPGR system and planned milling circuit maintenance. Throughput has averaged over 110,000 tonnes per day over the last three weeks including record throughput of 143,000 tonnes on March 13. Activities at Peñasquito over the balance of 2012 will focus on further optimization of the processing line.
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