(All Amounts in $CAD)
Press Release Highlights:
- The five finalists pitching their disruptive technologies
"shark-tank" style at #DisruptMining are:
- Bio-Mine Ltd.
- Cementation Canada Inc.
- Goldspot Discoveries Inc.
- KORE Geosystems Inc.
- Tradewind Markets
- 11 semi-finalists will display their technology or idea during
the #DisruptMining Expo
VANCOUVER, Feb. 23, 2017 /CNW/ - Goldcorp Inc.
(TSX: G, NYSE: GG) ("Goldcorp") and Integra Gold Corp.
(TSX-V: ICG, OTCQX: ICGQF) ("Integra" or the "Company") are
pleased to announce the five finalists and 11 semi-finalists for
#DisruptMining. Selecting the five finalists and 11 semi-finalists
was a difficult task for the selection committee, a testament to
the number of revolutionary ideas and technologies put forth in the
153 submissions received. The sold-out live finale will take place
on Sunday, March 5, 2017 at the Carlu
in Toronto during the Prospectors
and Developers Association of Canada (PDAC) convention.
The five finalists pitching their disruptive technology
"shark-tank" style to the panel of judges are:
- Bio-Mine Ltd. Using a bio-intelligent, augmenting
consortium of organisms designed specifically for "targeted" metal
recovery and remediation, this game changing environmental
technology is programmable to specific mineralogy in many different
environmental conditions. Discovered by Dr. Vasu Appanna, a Professor and former Dean of
Science and Engineering at Laurentian
University, also led by company co-founder Kurtis Vanwallegham, Bio-Mine Ltd. is set to
drive the mining recovery and remediation sector towards the
elusive and ultimate "0-footprint" goal.
- Cementation Canada Inc. Using a combination of existing
and proven crushing, pumping and slurry technologies, Cementation
has developed a proof of concept model for process injection
hoisting that would eliminate the need for mine shaft production
hoisting or trucking, transporting ore to the surface using a pump
driven pipeline loop. The technology is adaptable to all mining
methods and would substantially reduce energy consumption and
ventilation requirements. The team at Cementation "builds mines"
from design through to construction and this invention has the
potential to revolutionize underground mine development to the
benefit of the entire industry.
- Goldspot Discoveries developed a machine-learning
algorithm capable of significantly improving mineral exploration
targeting on both a regional and local scale. Goldspot Discoveries
is revolutionizing the investment decision model by using the
Goldspot Algorithm to stake acreage, acquire projects and
royalties, and invest in public vehicles to create a portfolio of
assets with the greatest reward to risk ratio. Managed by seasoned
industry experts from both financial and technical backgrounds, the
team is armed with a unique technological edge designed by the Data
Miners, the next generation of mining genius and runners up in the
2016 Integra Gold Rush Challenge.
- Kore Geosystems Inc. The true power of machine learning
and artificial intelligence can only be unleashed with robust, high
quality data inputs. KORE plans to install instruments onto the
drill rig that can provide real-time, automated data accelerating
timelines for multiple mining stages and decision-making
intelligence. The KORE team, Vince
Gerrie, Aaron Maher,
Sebastian D. Goodfellow,
Chris Drielsma, Patrick Hooker and Chris
Lane, bring together years of expertise in geology,
geophysics, software engineering, and technology development.
- TradeWind Markets Inc. is a new electronic trading,
settlement and custody platform for physical gold bullion.
TradeWind Markets is using a combination of distributed ledger
technology (blockchain) and exchange technology to unlock
functionality in gold bullion, vaulted with a G7 Government
counterparty. The business is a partnership between IEX, the
Investors Exchange, a fair, simple and transparent stock exchange,
and Sprott Asset Management, a globally recognized leader in
precious metals investment.
"Congratulations to Integra Gold, Goldcorp and the five
finalists of this innovation challenge. This industry-driven effort
to crowdsource ideas and support bold new approaches for stronger
environmental performance and enhanced productivity will help
ensure Canada's minerals industry
remains a source of jobs and opportunities for generations" stated
the Honourable Jim Carr, Canada's
Minister of Natural Resources.
Deciding the fate of the five finalists will be David Harquail, CEO, Franco-Nevada Corporation; Robert Herjavec, CEO, Herjavec Group and judge
on ABC Television Network's Shark Tank; Rob
McEwen, Chairman & CEO, McEwen
Mining; Todd White, COO,
Goldcorp Inc. and Bernadette
Wightman, President, Cisco Canada. Each finalist will have
five minutes to pitch and defend their idea to the panel and
demonstrate how their idea or technology has the potential to
#DisruptMining. Judges will have two minutes to respond and
ask questions.
Goldcorp, represented by judge Todd
White, has committed $1,000,000 for a proof of concept at one of its
mines or investment in the winning technologies. The remaining four
judges will represent $100,000 each.
Following each presentation, any judge will have the ability to
send a disruptor to the deal room to negotiate an investment.
The #DisruptMining Expo
In addition to the five finalists, 11 semi-finalists have been
chosen for the #DisruptMining daytime expo. The expo will
take place on March 5, 2017 from
2 p.m. to 4 p.m. EST at the Carlu in
Toronto. To register for the
#DisruptMining daytime expo, click here:
https://www.eventbrite.ca/e/disruptmining-day-expo-tickets-31528270907
The 11 semi-finalists being showcased at the daytime expo
are:
Acoustic Zoom Inc.
BGC Engineering Inc.
Dundee Sustainable Technologies
GeoLEARN
GroundTruth Exploration Inc.
Heads Up Display Inc.
Objectivity.ca
Minrail Inc.
New Mining Solutions
Scanimetrics Inc.
YieldPoint Inc.
Integra Gold and Goldcorp would like to thank the generous
sponsors of #DisruptMining: Title sponsor Raymond James and event sponsors Macquarie and
BMO.
About #DisruptMining
#DisruptMining is a marquee event during the annual Prospectors
and Developers Association of Canada ("PDAC") conference that will showcase
disruptive and exponential technologies with the potential to
revolutionize the future of mining, from exploration and discovery
to production and automation to financing, marketing and
sustainability.
Net proceeds from sponsorships and ticket sales at the
#DisruptMining finale event will be donated to charities as well as
used to create scholarships designed to spur innovation in
mining.
Link to #DisruptMining video: https://vimeo.com/195817154
About Goldcorp Inc. www.goldcorp.com
Goldcorp is a senior gold producer focused on responsible mining
practices with safe, low-cost production from a high-quality
portfolio of mines
About Integra Gold Corp. www.integragold.com
Integra Gold is a junior gold exploration company advancing
projects in Val-d'Or, Québec, one
of the top mining jurisdictions in the world. The Company's primary
focus is its high-grade Lamaque project.
www.DisruptMining.com
Cautionary Note Regarding Forward Looking
Statements
This press release contains "forward-looking statements", within
the meaning of Section 27A of the United States Securities Act of
1933, as amended, Section 21E of the United States Exchange Act of
1934, as amended, or the United States Private Securities
Litigation Reform Act of 1995 and "forward-looking information"
under the provisions of applicable Canadian securities legislation,
concerning the business, operations and financial performance and
condition of Goldcorp and the Transaction. Forward-looking
statements include, but are not limited to, statements with respect
to the benefits, effects and gains expected from the Transaction,
the completion of the Transaction generally and the timing thereof,
future price of gold, silver, copper, lead and zinc, the estimation
of mineral reserves and mineral resources, the realization of
mineral reserve estimates, the timing and amount of estimated
future production, costs of production, targeted cost reductions,
capital expenditures, free cash flow, costs and timing of the
development of new deposits, success of exploration activities,
permitting time lines, hedging practices, currency exchange rate
fluctuations, requirements for additional capital, government
regulation of mining operations, environmental risks, unanticipated
reclamation expenses, timing and possible outcome of pending
litigation, title disputes or claims and limitations on insurance
coverage. Generally, these forward-looking statements can be
identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", "believes" or variations of such words
and phrases or statements that certain actions, events or results
"may", "could", "would", "should", "might" or "will", "occur" or
"be achieved" or the negative connotation thereof.
Forward-looking statements are necessarily based upon a number
of factors that, if untrue, could cause the actual results,
performance or achievements of Goldcorp, including with respect to
the Transaction, to be materially different from future results,
performances or achievements expressed or implied by such
statements. Such statements and information are based on numerous
assumptions regarding present and future business strategies and
the environment in which Goldcorp will operate in the future,
including the price of gold and other by-product metals,
anticipated costs and ability to achieve goals. In respect of the
forward-looking statement concerning the anticipated timing of
closing of the Transaction, Goldcorp has provided it in reliance on
certain assumptions that is believed reasonable at this time,
including assumptions as to the conditions of closing of the
Transaction being satisfied in a timely manner. Certain important
factors that could cause actual results, performances or
achievements to differ materially from those in the forward-looking
statements include, among others, gold and other by-product metals
price volatility, discrepancies between actual and estimated
production, mineral reserves and mineral resources and
metallurgical recoveries, mining operational and development risks,
litigation risks, regulatory restrictions (including environmental
regulatory restrictions and liability), changes in national and
local government legislation, taxation, controls or regulations
and/or change in the administration of laws, policies and
practices, expropriation or nationalization of property and
political or economic developments in Canada, the United
States and other jurisdictions in which Goldcorp does or may
carry on business in the future, delays, suspension and technical
challenges associated with capital projects, higher prices for
fuel, steel, power, labour and other consumables, currency
fluctuations, the speculative nature of gold exploration, the
global economic climate, dilution, share price volatility,
competition, loss of key employees, additional funding requirements
and defective title to mineral claims or property. Although
Goldcorp believes its expectations are based upon reasonable
assumptions and has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results not to be as
anticipated, estimated or intended.
Forward-looking statements are subject to known and unknown
risks, uncertainties and other important factors that may cause the
actual results, level of activity, performance or achievements of
Goldcorp (including with respect to the Transaction) to be
materially different from those expressed or implied by such
forward-looking statements, including but not limited to: the
receipt of necessary competition, regulatory and third party
approvals; risks related to the ability of Bluestone to finance the
Transaction; risks related to the inability or failure to satisfy
the conditions to the completion of the Transaction; risks related
to the devotion of management time and resources required to
complete the Transaction, risks related to international
operations, including economic and political instability in foreign
jurisdictions in which Goldcorp operates; risks related to current
global financial conditions; risks related to joint venture
operations; actual results of current exploration activities;
actual results of current reclamation activities; environmental
risks; conclusions of economic evaluations; changes in project
parameters as plans continue to be refined; future prices of gold
and other by-product metals; possible variations in ore reserves,
grade or recovery rates; failure of plant, equipment or processes
to operate as anticipated; risks related to the integration of
acquisitions; accidents, labour disputes; delays in obtaining
governmental approvals or financing or in the completion of
development or construction activities and other risks of the
mining industry, as well as those factors discussed in the section
entitled "Description of the Business – Risk Factors" in Goldcorp's
most recent annual information form available on SEDAR at
www.sedar.com and on EDGAR at www.sec.gov. Although Goldcorp has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. The
forward-looking statements contained herein are made as of the date
hereof and, accordingly, are subject to change after such date.
Except as otherwise indicated by Goldcorp, these statements do not
reflect the potential impact of any non-recurring or other special
items or of any dispositions, monetizations, mergers, acquisitions,
other business combinations or other transactions that may be
announced or that may occur after the date hereof. Forward-looking
statements are provided for the purpose of providing information
about management's current expectations and plans and allowing
investors and others to get a better understanding of Goldcorp's
operating environment. Goldcorp does not intend or undertake to
publicly update any forward-looking statements that are included in
this document, whether as a result of new information, future
events or otherwise, except in accordance with applicable
securities laws.
SOURCE Goldcorp Inc.