Goldcorp partners with Ontario First Nations group

Vancouver-based Goldcorp (NYSE:GG) and Lac Seul First Nation of Ontario, Canada have signed a collaboration agreement designed to create jobs and achieve sustainable economic development in the communities near Goldcorp's Red Lake Gold Mine.

The agreement also creates "a framework for continued consultation and support for current and future operations of Goldcorp's Red Lake Gold Mines operation."

Red Lake Mine General Manager Chris Cormier had this to say after the signing:

“Goldcorp‘s commitment to working with First Nations is once again demonstrated with this agreement, ensuring both the sustainable development of the areas in which we operate and long-term economic benefits for communities…we look forward to working in partnership with Lac Seul First Nation to foster continued dialogue and to implement the initiatives set out in the agreement.”

And this from Lac Seul chief Clifford Bull:

"This agreement demonstrates that Lac Seul First Nation can work successfully with industry…I want to extend my gratitude to Goldcorp for working with our First Nation to develop this Obishikokaang Collaboration Agreement, which will help create prosperity within our First Nation and the region, and certainty for Goldcorp.”

Goldcorp produced 507,700 ounces of gold in 2012 at Red Lake, the most of any of the company's mines.

Red Lake Gold Mines are located in the Canadian Shield of Northwestern Ontario, Canada, 180 kilometres north of Dryden. They cover approximately 2,335 hectares within the District of Kenora in Northwestern Ontario.

Read the full press release here.