It’s hard to believe it’s already March 2018! While we, along with our peers, have been busy providing financial and operating results, we’d also love to share some of the non-financial highlights that made 2017 a memorable year for Goldcorp.
2017 was a record year for safety at Goldcorp. All of our sites met our key performance goal of zero fatalities, which is our first priority. Additionally, our All Injury Frequency Rate (AIFR) was below our annual target. This means that every site committed to safety, utilizing the tools, safeguards and precautions available to do so. Although the results for 2017 are positive, the Safety team at Goldcorp is continually striving to achieve ZERO in all categories.
“The ultimate goal is – and always has been – ZERO: Zero Occupational Fatalities, Zero Occupational Diseases and Zero Occupational Injuries. We are closer to this target than we have ever been, but as we continue to drive our numbers down, it is going to become much more difficult to move the needle. What got us from an AIFR of 1.12 down to 0.71 in 2017 will not work to get us from 0.71 to 0.00. We are going to need to “find a new gear and put the pedal down,” Nick Williams, Manager, Safety
On September 19, 2017, Mexico City experienced a 7.1 magnitude earthquake originating 134 kilometres from the city. Goldcorp’s regional office building sustained minor damage and the Peñasquito Mine was not affected by the earthquake. Earlier that morning, volunteer safety leaders had practiced earthquake response protocols as part of a national earthquake preparedness exercise that is conducted each year. When the real earthquake struck just hours later, everyone in the office followed the instructions of the safety team and left the building calmly and safely.
On February 16, 2018, the Mexico City area experienced another 7.4 magnitude earthquake. The efforts of the entire Mexico City Office team in both these earthquakes resulted in evacuations that ensured Goldcorp’s employees and contractors were all accounted for and safe from harm.
Following the September 2017 earthquake, Goldcorp donated funds to the Telmex Foundation, as part of an initiative to reconstruct damaged hospitals, schools, and historic buildings. This industry initiative ensures our commitment and contribution to Mexico’s infrastructure and safety.
Diversity and Inclusion
Another of Goldcorp’s key performance goals for 2017 was to further diversify our management and governance bodies, and in that vein, we made progress. Most notably we added First Nations representation to our Board of Directors, and we appointed Sophie Bergeron as Mine General Manager at Éléonore.
Matthew Coon Come was appointed to the Board in July 2017. Most recently, Mr. Coon Come was the Grand Chief of the Grand Council of the Crees (Eeyou Istche) and the Chairperson of the Cree Regional Authority, holding the position for over 20 years. He also served as National Chief of the Assembly of First Nations from 2000 to 2003. Mr. Coon Come is known nationally and internationally for his ground-breaking work in First Nations government and activism, effectively raising the standard of indigenous rights in Canada. He brings an incredible breadth of knowledge and experience to our board, and we are extremely pleased to have him join us.
Sophie Bergeron was promoted to Mine General Manager at Éléonore in November 2017. She was part of Goldcorp’s 2017’s Future Leaders Program, and has been with the company since 2010. Since joining Goldcorp, Ms. Bergeron has gained substantial operational and leadership experience through her roles at the Corporate Office, Cerro Negro and Porcupine in safety, mine engineering, projects and technical services. She was also instrumental in the beginning of Project Century (Porcupine development project), by advancing the conceptual and pre-feasibility stages of the project.
In addition to diversifying our governance and management, we also developed and finalized a multi-year, Diversity and Inclusion strategy for Goldcorp. Inspired by the Global Diversity and Inclusion Benchmarks, the Strategy looks at diversity through a wide lens, and aims to progress our inclusive workplaces. Our focus for 2018 is to develop our understanding and include a much wider spectrum of diversity at Goldcorp, where all are valued, regardless of our different backgrounds, perspectives, experiences and skillsets. The Strategy is underpinned by existing programs and policies at Goldcorp: our Code of Conduct, Respect in the Workplace and through our StepUP Behaviours. By respecting our differences and through the application of our StepUP Behaviours, the Collective Bargaining Agreement negotiations with Porcupine Gold Mines and the United Steelworkers Union were brought to a successful outcome in late 2017.
Environment & Sustainability
In May 2017, Goldcorp’s Marlin Mine in Guatemala ceased production. The mine was in operation for 12 years, producing 2.3 million ounces of gold and 63 million ounces of silver. During that time Goldcorp worked with the local communities to ensure that the region surrounding Marlin Mine would continue to benefit long after mine closure. Some of the ongoing projects that will remain following Marlin’s closure are the use of filtered tailings to reduce ARD, an award-winning flood protection spillway, miles of paved roads, strengthened educational programming at all levels and ongoing scholarships, and clean water for communities. Marlin also sourced 100 percent of its power from renewable biomass, saving approximately 40,000 tonnes of carbon dioxide equivalent throughout the course of operations.
One of the major milestones for Marlin in 2017 centres around cyanide. Marlin is the first gold mining in Guatemala to be responsibly closed and audited to verify that cyanide facilities have been safely decommissioned and that the International Cyanide Management Code (ICMC) no longer applies to the operation. Marlin is also the second mine in the world to be successfully decommissioned and de-certified in accordance with the ICMC, following Goldcorp’s El Sauzal Mine in Mexico in 2015. Developed by the UNEP, the ICMC was created to safeguard human health and the environment by promoting the responsible management of cyanide used in gold mining.
Goldcorp is always looking for ways to disrupt mining through cutting edge innovation. One of the ways we are doing this is by switching to battery electric vehicles at our Borden Gold Mine in Ontario. Borden is set to become the first all-electric mine in Canada, greatly reducing our GHG emissions, and improving worker safety and health. In 2017 the first battery powered piece of equipment went into operation.
Also in 2017, several projects and studies have advanced our Towards Zero Water journey. A notable example of this is the water-saving EcoTails concept, a revolutionary way to think about mine waste management and water conservation. In this video, Simon Hille explains more about EcoTails. Another example of Goldcorp’s drive toward revolutionizing the mining industry!
Goldcorp remains a constituent of the FTSE4Good Index (Financial Times Stock Exchange sustainability index) for 2017. The FTSE4Good Index is designed to measure Environment, Social and Governance (ESG) practices, in companies who demonstrate effective methods in these areas. See our Recognition page for other awards received in 2017.
March 22, 2018 is World Water Day! Stay tuned for more water-related posts!
In 2017, Goldcorp shared its innovation strategy. Mining lags behind other industries in its digital maturity. Increasing the pace of technological innovation and adoption represents a massive opportunity to fundamentally reshape our business, optimize all aspects of our operations and drive Net Asset Value (NAV) growth. In the future, every mining company will be a technology company. And we need to get there faster.
Increasing the pace of technological innovation represents a massive opportunity to both fundamentally reshape our business, and drive growth. Towards this end, in 2017 we co-hosted #DisruptMining with Integra Gold. This year, we recently co-hosted #DisruptMining 2018 with KPMG. Follow #DisruptMining’s Facebook and Twitter for up to date innovation news.
We’ve featured just a handful of what Goldcorp has been up to this past year, but watch this space for more site-specific features in the coming weeks! And stay tuned for our 2017 Sustainability Report, to be published in June 2018. In the meantime, check out the 2016 Sustainability Report to get a sense of where we were a year ago.