In a Timmins Chamber of Commerce “Inside Their Business” Luncheon held September 11th, Marc Lauzier, Newmont Goldcorp Porcupine Gold Mines general manager, provided insight on the acquisition between Newmont and Goldcorp and the company’s plans for the future. The billion-dollar merger officially took place April 18th of this year and since then, Lauzier says they are still getting use to the change.

 

“We’re trying to understand how Newmont operates, it’s kind of fresh into the merger/acquisition. For the time being we’ve operated status quo and there hasn’t been much change to the operation, so we’ll continue to operate as responsibly as we can in a sustainable manner as we always have. It’s the same management team, we’re going to stay in the community and do the best that we can,” said Lauzier.

 

Lauzier went on to add that the Hollinger Open Pit is expected to finish in the first half of 2023 with the reclamation process beginning shortly after.

 

Currently, plans are underway for construction of a public lookout point where people can see the open pit for themselves without need of tour guide.  The lookout point should be ready to go by the end of this season.

 

Since the buy out, Newmont Goldcorp operations have gone well. The plan is for Porcupine Gold Mine and other Newmont Goldcorp properties to be around for a long time and to continue making a difference in local northern communities, like Timmins.

Filed under: Local News