Bishop, D&P step up pressure to pass responsible mining law
October 3, 2010
Bishop Alvaro Ramazzini [images/stories/international/international10/ramazzini_alvaro.jpg]TORONTO - Last year Goldcorp Inc. pulled 2.2 million tonnes of rock out of the ground at its Marlin Mine in San Miguel, Guatemala. Using a process that sucks up millions of litres of water and adds cyanide to the mix, the company separated 7,793 kilograms of gold and 117,835 kilograms of silver from the ore. The gold sold for an average of $982 per ounce and the silver for $15.07 per ounce. It costs Goldcorp $192 to free an ounce of gold from the rock in San Miguel, making it one of the world’s most profitable mines, ever. In Northern Ontario it costs Goldcorp $585 to mine and mill an ounce of gold at its Musselwhite mine, $447 per ounce at the Porcupine mine, and $288 per ounce in Red Lake.