A New Beginning - The Porcupine Joint Venture

CIM Montreal 2003
Abstract July 1, 2002 marked the birth of a new entity … the Porcupine Joint Venture … a bold merger of two operating companies within the Porcupine Camp. The creation of the PJV brings together the assets of Placer Dome (CLA) Limited’s Dome Mine (51%) and Kinross Gold Corporation’s Hoyle Pond Mine (49%), both of whom are committed to long-term successful mining of gold in the Timmins area.

The PJV marks, for the first time in the history of the prolific Porcupine Camp, that the entire camp is controlled as a single entity; a land package of over 60,000 hectares which has produced over 63 million ounces (and counting) of gold since 1909.

The new chapter started with a successful implementation, integration and processing of ore from several sites within a 100km radius of the Dome Mine, through one centralized, world class milling operation starting on “Day One” of the merger.

The paper deals with the process of combining assets, people and resources to generate a new vision … “One Team, Two New Mines, Triple Zero, for Everyone … our future !!”
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