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0.000136105860113373 0.000378071833648318 0 -0.000665406427221233 -0.00378071833648399 0.00113421550094509 0.000378071833648318 0.000378071833648318
Stock impact report

Goldcorp's All-Electric Mine Could Be a Big Deal for Investors [The Motley Fool]

GOLDCORP (GG) 
Last goldcorp earnings: 2/13 05:51 pm Check Earnings Report
US:NYSE Investor Relations: goldcorp.com/investors/default.aspx
Company Research Source: The Motley Fool
Diesel is out and electric is in at Goldcorp's Borden project in Canada. The all-electric strategy could enable huge cost savings if applied across the portfolio. Most investors don't associate electric vehicles or autonomous vehicles with mining , but the industry has quietly become one of the hottest areas of development of these technologies. In fact, there are 416-ton self-driving haulers running around Rio Tinto 's mines in Australia right now. Barrick Gold has semi-autonomous underground earth-haulers operating in Nevada and a dedicated software business unit that has partnered with Cisco Systems to make the technologies the standard operating procedure in the future of mining. Others have joined the movement, including the $12 billion gold mining leader Goldcorp ( NYSE:GG ) . The company recently deployed 40-ton electric mining vehicles at its Borden project, a development-stage underground mine at its Porcupine complex in Northern Canada. Production Show less Read more
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