Union rejects Goldcorp offer

Workers at the Red Lake mine in northern Ontario have rejected Goldcorp‘s (G-T) latest offer, prolonging a strike that is now in its third year.

The company had offered a termination provision, including severance pay, and better wages for rehired workers.

Prior to the strike, the mine had operated continuously for 48 years, producing more than 3 million oz.

Goldcorp recently outlined 1.4 million tons grading 1.37 oz. gold per ton below the lowermost workings and expects to renew production in late 2000 at an annual rate of 240,000 oz. (T.N.M., Sept. 27/99).