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Goldcorp pours first gold at Peñasquito, remains on schedule for full production

Goldcorp [NYSE:GG; TSX:G] has poured its first gold at the Peñasquito project in Zacatecas, Mexico, according to a company statement. Nearly 2 million tonnes of ore has been stacked on the heap leach pads.

Construction of the project remains on schedule and on budget. Once commercial production is achieved, Peñasquito is expected to annually produce over 400,000 ounces of gold and 30 million ounces of silver. In addition, substantial amounts of zinc and lead will be produced over the 19 year mine life.