May 17, 2020

Goldcorp Resumes Operations at Los Filos Mine

Goldcorp Inc.
Los Filos mine
Los Filos
Carrizalillo Ejido
2 min
Operations resume at Los Filos mine
Mining giant Goldcorp Inc. has resumed all operations at its Los Filos mine in Guerrero State,Mexico,the company announced on May 5. Goldcorp negotiated...

Mining giant Goldcorp Inc. has resumed all operations at its Los Filos mine in Guerrero State, Mexico, the company announced on May 5. Goldcorp negotiated a settlement for a new land occupancy agreement, which amounted to a five-year term with the Carrizalillo Ejido. Work was suspended at Los Filos since April 2, 2014.

Goldcorp was in intense discussions with Ejido representatives for a month and finalized a solution that resolved the land occupancy issue and safeguarded the long-term sustainability goal of operations amid a lower gold price environment and significantly higher Mexican tax obligations.

Los Filos gold production forecast in 2014 is anticipated to be at the short end of the mine's guidance range of between 330,000 and 345,000 ounces, due to the suspension. Goldcorp has reconfirmed overall company guidance of between 2.95 and 3.10 million gold ounces for the year.

The Los Filos mine, which produced 94,000 ounces of gold in the fourth quarter of 2013, up 1.3 percent year over year and 28 percent sequentially, according to Zacks Equity Research. In 2013, gold production from Los Filos was 332,400 ounces.

The Los Filos operation consists of two open-pit mines – Los Filos and El Bermejal – and one underground mine. The open-pit operation began commercial production in January 2008. More than 2,600 people from the surrounding communities are directly employed at the Los Filos mine, and an estimated 10,000 additional jobs have been created as a result of the mine's presence in the region.

Goldcorp’s operating assets include five mines in Canada, and the U.S., three mines in Mexico, and two in Central and South America. Goldcorp also has a number of projects including the Cerro Negro project in Argentina, the Éléonore gold project in Quebec, Canada, the Cochenour project in Ontario, Canada, the El Morro project in Chile and the Pueblo Viejo project (40 percent interest) in the Dominican Republic.

The company recently declared its fifth monthly dividend payment for this year at $0.05 per share. Goldcorp has paid a monthly dividend to its shareholders since 2003. 

The massive mining company, based in Vancouver, Canada, is one of the world's fastest growing senior gold producers. Its low-cost gold production is 100 percent unhedged and mined in safe regions throughout the Americas.

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Dec 3, 2020

Net zero benefits the mining industry and the environment

digital mining
Dan Brightmore
3 min
Learn how to future proof your business for a zero-carbon world with help from Emitwise and the Oren Marketplace.
Learn how to future proof your business for a zero-carbon world with help from Emitwise and the Oren Marketplace...

How do we get the world to net-zero faster?

Emitwise’s founders, Mauro Cozzi, Eduardo Gómez and Ben Peddie, approached a network of more than 100 of the world's largest enterprises and asked their CEOs, CFOs, and sustainability managers the big question: How do we get the world to net-zero faster? The challenge many shared was the lack of timely and accurate emissions data to enable strategic decisions. Companies often relied on annual audits of their carbon footprint for carbon accounting purposes. However, static yearly results were outdated upon publishing.

Emitwise saves companies an average of 260 working days a year by automating their scope 1, 2 and 3 emissions data. With the added benefits of clean audit trails and auto-populated accounting reports in line with GHG Protocol, all at the click of a button. Their easy to use solution enables businesses to quickly identify the carbon hotspots to target, and the precise real-time data empowers teams to remain agile and respond effectively, making achieving those goals possible.

Unique AI Technology

Emitwise’s unique AI technology empowers businesses to automatically measure, report and reduce their carbon footprint across their operations and supply chain, future-proofing companies for a zero-carbon world. It is the only solution that enables companies to fully automate their carbon accounting across all business units and suppliers, therefore liberating them from the drudgery of collecting and processing emissions data.

By using artificial intelligence to precisely measure emissions in real-time, businesses can identify and tackle carbon hotspots swiftly, enabling them to devise a trackable roadmap to net-zero carbon. At the same time, accurate audit trails and auto-populated annual reports ensure that companies comply with international reporting requirements, and align businesses with global climate targets to mitigate risk across their operations and supply chain. 

The Oren Marketplace

Environmental management, social license to operate, safety, renewable energy to lower emissions and operational efficiency for mining can be supported by a range of digital solutions enabling dynamic operations. To address these issues, Shell and IBM joined forces to create the Oren Marketplace – the first B2B solutions platform for the mining sector. 

With the adoption of many of the digital solutions offered through Oren, mining companies can adapt in real-time to risks or adjust plans ahead of a problem occurring. The goal is a shift towards proactive management as the optimal outcome for all stakeholders – community, shareholders, and employees.

Emitwise was founded with the goal of helping industries across all sectors reduce their carbon footprint. Similarly, Shell aims to become a net-zero emissions energy business by 2050, or sooner, in step with society and its customers. And Oren is focused on offering innovative products and services that can help mining companies track and reduce their emissions. 

“Oren is the starting point for how we help our mining customers to de-carbonise,” explains Carol Chen, Global Lubricants Marketing, Vice President, Shell. “It’s our ambition to work with sectors like mining to help them find their own pathway to net-zero emissions through collaboration. The Oren marketplace offers a great opportunity for collaboration between the miners and technology companies that are joining this digital marketplace.” 

Web Summit

Emitwise will be showcasing its vision for a net-zero future live from Lisbon at this year’s Web Summit. Bringing together the people and companies redefining the global tech industry, the online event welcomes 100,000+ attendees from around the world to hear from more than 800 speakers and view offerings from 2,500 startups covering a vast range of topics from Data Science and Climate Change to AI and Machine Learning. To find out more and book your ticket visit Web Summit. 

Emitwise is one of many solutions providers on the Oren platform seeking to address the pain points and environmental concerns of heavy industries like mining. To discover a range of solutions that can further support your operation’s digital transformation and commitment to sustainability, visit the Oren Marketplace.

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