Goldcorp’s corporate annual general meeting to be held in Timmins this month

Goldcorp’s corporate annual general meeting to be held in Timmins this month

First time Goldcorp holds its major corporate meeting outside of Vancouver or Toronto. Company is expected to make major local announcements.

By Len Gillis

Goldcorp, the largest gold mining company operating in Timmins, will have its corporate annual general meeting (AGM) in Timmins later this month. It is expected the company will be making important local announcements at that time.

The international mining company, which has its headquarters in Vancouver, announced it is taking the unusual step of holding its AGM in Timmins in view of the city’s 100th anniversary. It will be the first time the company has held its AGM outside of Vancouver or Toronto.

“Goldcorp’s Porcupine gold mine has been part of the community of Timmins, Ontario for over 100 years.  To help commemorate the 100th year anniversary of the City of Timmins and celebrate the important role mining has played in the city’s history, Goldcorp’s Annual General Meeting of Shareholders will be held on Thursday, April 26, 2012 at 2:30 PM (EST) at: Northern College of Applied Arts & Technology, Porcupine Campus.”

The meeting will not be open to the public in a general sense. It will however be open to anyone who owns shares of Goldcorp.

Goldcorp’s local operations known as Porcupine Gold Mines (PGM) is currently leading community interest as the company is preparing to launch a new open pit mining operation in the heart of the city at the old Hollinger gold mining property. The company is seeking to recover roughly 800,000 ounces of gold located in and around the workings of the old Hollinger underground gold mine.

Although there is much community concern about the size and scope of the operation, it was back in January that PGM general manager Marc Lauzier gave assurances that the new work would take place within Goldcorp’s fenced-in area in Timmins.

“So it’s between the Shania Twain Centre, what we now know at the Hollinger office and the Vipond Road basically,” Lauzier said on January 9th, at a Goldcorp news conference at the McIntyre ballroom.

“We certainly don’t plan on getting rid any businesses in that area,” said Lauzier that morning.

“At this point there is no plan to buy out any buildings or to buy out any businesses. We’re planning on leaving everyone where they are and operating safely without causing any problems for those business” he said.

It was late last week that Timmins businessman Bill Hughes outlined his concern for the project, saying too many important questions about the Hollinger pit project were not being answered by Goldcorp. Hughes hired two engineering firms to review the Goldcorp’s plans and said those studies indicate problems.

The City of Timmins has also hired a third party engineering firm to review Goldcorp’s project. As yet, that plan has not been tabled at a Timmins City Council meeting.


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