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Goldcorp’s Peñasquito Mine Completes Construction Of Second Processing Line Ahead Of Schedule

22-Jun-2010 In a press release on their website, GoldCorp Inc. announced that its major Penasquito mine construction project is ahead of schedule. MIPAC is involved in this project with the delivery of design, control configuration and onsite commissioning assistance for Xstrata Technology's IsaMill™ Ultra Fine Grind mills.

Excerpt from GoldCorp Inc. press release

VANCOUVER, BRITISH COLUMBIA, June 22, 2010 – GOLDCORP INC. (TSX: G, NYSE: GG) announced today that the second sulphide processing line (Line 2) at Peñasquito mine in Zacatecas, Mexico has achieved mechanical completion ahead of its previously expected third quarter completion date.
  • Line 2 is now in commissioning phase and ramping up toward designed 50,000 tonne-per-day capacity.
  • Line 1 is regularly operating at designed daily throughput of 50,000 tonnes.
  • Declaration of project commercial production remains on schedule for the third quarter.
  • Construction of 30,000 tonne-per-day high pressure grinding roll circuit (HPGR) is on track for completion in fourth quarter.
Full production ramp-up to designed 130,000 tonne per day capacity remains on track for early 2011.

“The Peñasquito project team has achieved every critical milestone throughout the mine’s three year construction period, and the completion of Line 2 ahead of schedule is the latest example of the impressive pace of development there,” said Chuck Jeannes, Goldcorp President and Chief Executive Officer. “Mining rates have continued in excess of 500,000 tonnes per day and concentrate grades and quality remain well within expectations. We look forward to experiencing with our shareholders the growing contributions of this world-class asset over the years to come.”
External Web Link | full Goldcorp press release online

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