The richest gold mine in North America just became even more of an investment attraction.
Goldcorp has announced plans to sink a 7,150 foot shaft at its Red Lake mine.
The site produced half a million ounces of gold last year and officials say when the new shaft is completed, capacity could top 740,000 ounces annually.
Payback on the $100 million project is expected to take less than 18 months.
Bright Future for Goldcorp
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