Page 10 Contd from pg 8 name is well recognized and has been an iconic brand among the SP 500 and various indexes The updated Newmont logo leverages the gold tri angle from the previous logo which represents the apex of the industry and the pinnacle of leadership to anchor the strength and stability conveyed by the new logo While our proven strategy and core values remain key to our ongoing suc cess weve updated and adapted our brand to refect our position as a trans formed business and the world s lead ing gold company Palmer added Newmont has the strongest and most sustainable portfolio of operations projects and exploration prospects in the gold sector These assets allow the Company to sequence proftable projects in its unmatched pipeline to sustain stable gold production over a decadeslong time horizon in toptier jurisdictions around the globe Page 10 B y K e vin V inc ent C ommer cial pr oduc tion a t New mon t s all elec tr ic B or den gold mine began in the f our th quar t er of 2019 and ac c or ding t o M ining Lif e sour c es the oper a tion is running smooth T he mine near Chapleau is 160k m w est of the c ompan y s hist or ic gold mining pr oper ties in T immins B or den s en tir e under g r ound feet of v ehicles is oper a t ed with ba tt er ies and elec tr icit y which dr ama tically r educ es g r eenhouse gas emissions GHG s I n fac t the c ompan y e x pec ts the under g r ound GHG car bon f ootpr in t t o be ff t y per c en t less than tr aditional emissions cr ea t ed b y die selbased equipmen t B or den is e xpec t ed t o c on tr ibut e 1800 t ons a da y and has cr ea t ed about 250 jobs A t the time of the opening New mon t P r esiden t and Chief Ex ecutiv e O fc e T om P almer sta t ed B or den joins the ne x t gener a tion of New mon t G oldc or p mines and lev er ages our leading land position t o anchor this new gold distr ic t in On tar io A nd while the suc c ess of B or den and the benchmar k it r epr esen ts ar e laudable ev en On tar io s M inist er of Ener gy Gr eg R ickf or d who a tt ended the mine s c er emonial opening is c onc er ned tha t the benefts ma y not out w eigh the nega tiv e impac t of high h y dr o r a t es I n an e x clusiv e pr ofle in t er view in this edition of M ining Lif e R ickf or d said Y ou can t ha v e this mar v el lous shif t in ho w t o oper a t e mines c er tainly w a y mor e en vir onmen tally fr iendly when the c ost of elec tr icit y is so high it c ould be pr ohibitiv e f or other mining oper a tions t o go tha t ne x t st ep I t s a t opic tha t R ickf or d e xpr essed both pr iv a t ely and openly a t a T im mins Chamber of C ommer c e lun cheon in la t e Januar y W e ha v e an ambitious agenda f or On tar io s mining sec t or said R ick f or d the MP f or Kenor aR ain y R iv er one of the hott est mining r eg ions in C anada r igh t no w W e r emain a leading jur isdic tion f or mining on the in t er na tional mining stage but as I of t en sa y in spit e of ourselv es R ickf or d sa y s ther e ar e still a number of jur isdic tions outper f or ming On tar io and ener gy r a t es ar e a big fac t or T he minist er t old the audienc e tha t Newmon t ofcials c onfded in him tha t his go v er nmen t did mor e fr om a r egula t or y standpoin t t o get the mine oper a ting than the pr evi but ener gy minist er c onc erned ab out h y dr o r a t es B or den L ak e Plugged in ous Liber al go v er nmen t had done in six y ears I t cannot take us eigh t y ears t o open up a fr igg ing mine R ickf or d said He fnished tha t r emar k b y ask ing the audienc e C an I get an amen and a tt endees r esponded en thusiastically T immins ma y or G eor ge P ir ie c on curs P ir ie t old M ining Lif e tha t the C anadian mining industr y is among the most r esponsible in the w or ld and oper a t es in one of the most r eg ula t ed jur isdic tions on the planet I think the minist er and his staf along with the ministr y s new w or k ing g r oup ar e doing an outstanding job tr ying t o elimina t e c ostly and unnec essar y r egula tions tha t do little if an ything t o pr ot ec t the en vi r onmen t or enhanc e the liv es of our indigenous popula tion said P ir ie Ha ving said tha t the industr y and the ministr y ha v e a dut y t o c onsult with all stakeholders in a fair and r e sponsible manner he added T immins Mayor George Pirie on the Left has one on one time with Ontario Mine Minister Greg Rickford on the right The two discuss the future of Min ing in T immins and Northern Ontario Page 1 1