Goldcorp Inc. (TSX:G,NYSE:GG) and Lac Seul First Nation signed the Obishikokaang Collaboration Agreement that sets a framework for for continued consultation and support for current and future operations of Red Lake Gold Mines. The agreement also defines the long-term benefits for the First Nation. A signing ceremony was held on August 16, 2013 in Ontario.
As quoted in the press release:
The agreement will bring recognition and economic benefits to Lac Seul First Nation, comprised of about 3,200 band members with significant historical ties to the development of the Red Lake gold camp. Many band members reside within the Municipality of Red Lake.
“Goldcorp’s commitment to working with First Nations is once again demonstrated with this agreement, ensuring both the sustainable development of the areas in which we operate and long-term economic benefits for communities,” said Chris Cormier, Mine General Manager at Goldcorp’s Red Lake Gold Mines. “We look forward to working in partnership with Lac Seul First Nation to foster continued dialogue and to implement the initiatives set out in the agreement.”