Borden

Located approximately 160 kilometres west of the Porcupine mine in Chapleau, Ontario, Borden has the potential to enhance the long-term economics of Porcupine, where its ore will be processed.

Borden is set to be Canada’s first all-electric underground gold mine, which will be safer for our employees and have a smaller environmental footprint.

We are negotiating with the First Nations communities in the area, and have signed agreements that reflect our commitment to ongoing consultations with local First Nations.

Borden is a key part of our plan to increase production by 20% by 2021, and is expected to comprise approximately one-third of Porcupine’s production in 2020. We expect to begin commercial production in the second half of 2019.

• Air-bending at Borden: Ventilation on Demand
• Air-bending at Borden: Compressed Air
• Air-bending at Borden: Heating at a Cooler Price

Exploration ramp has advanced 680m at the end of 2017 with a corresponding vertical depth of 120m

Current mineral reserves established at 950koz¹

Project site now connected to Hydro One grid

Surface construction to support the exploration ramp now completed

Commissioning of the Battery Electric Vehicle (BEV) equipment mostly completed

Commercial production – expected in second half of 2019

¹ As of June 30, 2017. Refer to the reserve and resource statement for more details.

The Borden deposit is a new style of mineralization in the underexplored Borden Lake belt where our large consolidated claim package extends to a thousand square kilometres. With no mining history, there is very little geological data available about the region. Goldcorp’s primary exploration focus is to understand the geology of the area and identify a portfolio of targets.

Other exploration goals include:

• Continuing to develop the geological model of the deposit
• Testing the extensions of the deposit
• Evaluating the 1,000 square kilometre land package to develop a portfolio of targets for ongoing evaluation.

Read more about our exploration program