Value through partnerships a key message at annual BC exploration conference

Publication: Earth Explorer

Topic: Innovation & Technology

Article Type: News article

Client: Geosoft

Published on: 27 Feb, 2017

Industry leaders emphasised the importance of forming strategic partnerships during their keynote addresses to the Association for Mineral Exploration’s (AME) Roundup conference in Vancouver in January. David Garofalo, President and CEO of Goldcorp, and Don Lindsay, President and CEO of Teck Resources, set the cautiously optimistic tone of the meeting by each stressing how important it is to work together in a recovering, but still volatile, market.

Garofalo shared Goldcorp’s plan to invest US$100 million in partnering with a portfolio of junior exploration projects to spread the risk of greenfields exploration, while Lindsay expanded on the benefits of the NuevaUnión (New Union) partnership between Teck and Goldcorp in Chile. The pair are co-developing neighboring orebodies just 40 kilometres apart, lowering capital costs for both companies, lengthening mine life, streamlining community relationships and reducing the environmental impact.

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