TIMMINS, Ont. (CP) -- It will provide the 276 members of the United Steelworkers Union with a four-per-cent wage increase in each year of the agreement.
They also receive an increased monthly pension plan payment, a reduction to 56 years of age to qualify, plus benefit improvements.
Goldcorp acquired the Porcupine mines from Placer Dome in 2006 and entered into a binding agreement with Kinross Gold Corp. in 2007 to acquire Kinross' 49% share of the Porcupine site.
The operation includes three gold mines which have produced more than 16 million ounces of gold since production began in 1910.
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