RED LAKE REGIONAL HERITAGE CENTRE
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Innovation:

​THE GOLDCORP CHALLENGE
PictureGoldcorp's Global Search Challenge continued to build on the success of the Goldcorp Challenge - Source: Goldcorp 2000 Update Report
Goldcorp made their high-grade zone discovery in 1995, but there were still concerns about the future of the Red Lake Mine (former Dickenson Mines). Goldcorp CEO Robert McEwen wanted different perspectives and new approaches for discovering where the reserves lay. Inspired by open sourcing, McEwen decided to release 52 years of geological data to the world. The decision was unprecedented in the mining industry.

Goldcorp announced the Goldcorp Challenge at the Prospectors & Developers Association of Canada’s annual conference in March 2000. The company offered $500,000 of prize money to those who could find the mine’s next six million ounces of gold. The Goldcorp Challenge consisted of two rounds of presentations before a panel of judges. Twenty-three semi-finalists won $10,000 each, and the three finalists split the remaining $270,000 of the prize money.
McEwen had no expectations going into the launch of the Goldcorp Challenge but did not expect 1,400 entries. The Goldcorp Challenge had 475,000 views and participants from 51 countries. Surprisingly, most of the submissions came 
from people outside of the industry. Fractal Graphic and Taylor Wall & Associates out of Australia were the winners.
​
The Goldcorp Challenge not only verified Goldcorp's methodology but also identified 110 deposit sites. Roughly 80% of the designated sites proved to have significant reserves. The Goldcorp Challenge brought Goldcorp onto the global stage and began an era of innovative out-of-the-box thinking in the mining industry. The Goldcorp Challenge has served as the inspiration for similar events such as the Integra Gold Rush Challenge and the #DisruptMining competition. #DisruptMining is now in its third year and is co-hosted by Goldcorp.


For more information on the Goldcorp Challenge, listen to the interview with Robert McEwen below.




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Glossary
Red Lake Regional Heritage Centre
51A Highway 105 P.O. Box 64
Red Lake, ON, Canada
P0V 2M0
807-727-3006
[email protected]
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The Red Lake Regional Heritage Centre is a charitable organization, funded by the Municipality of Red Lake, the Ontario Ministry of Culture, and through fundraising activities. Reg # 87315 2714 RR001.

  • Home
  • Heritage Online
    • Puzzles
    • Podcast
    • Online Programming >
      • Bannock
      • Dream Catchers
      • Eco Printing
      • Flower Pounding
      • Fur Trade
      • Mushrooms
      • Pysanky
      • Suncatchers
      • Wild Teas
  • Exhibitions and Events
    • Events
    • Upcoming Exhibits >
      • 100 Years of Red Lake
    • Current Exhibits >
      • NNT
    • Past Exhibits >
      • Hospital History
      • SouthPaw Photography
      • EZHI NAMANG: HOW WE SEE IT
      • Triple K Art
      • Red Lake on the Move
      • Fish Stories
      • Red Lake Art Show >
        • Red Lake Art Show 2016
        • Red Lake Art Show 2017
        • Red Lake Art Show 2018
        • 2023 Art Show
        • 2024 Red Lake Art Show
      • Woodland Caribou Provincial Park
      • Fire People >
        • Fire 14-1
        • Fire 14-2
    • Red Lake Speaker Series
  • History
    • On This Spot
    • Red Lake History
    • Aviation History
    • Immigration
    • Residential Schools
    • Heritage Centre History
    • Red Lake District Souvenir Record
  • Gift Shop
    • Accessories >
      • Jewellery
      • Key Holders
      • Purses, Wallets & Bags
    • Local Artists >
      • Rhonda Beckman
      • Valerie Blab
      • Kaila Erb
      • Lauren Furman
      • Patrick Hunter
      • Aaron LeBlanc
      • Amy Newport
      • Hidehiro Otake
      • Mark Nadjiwan
      • Sara Ramer-Dean
      • Rebecca Saikkonen
      • Wendy Yutzy
    • Books & DVDs
    • Cards
    • Clothing >
      • Scarves & Hats
      • T-Shirts
      • Long Sleeves
      • Socks
    • Home & Kitchen >
      • Glassware
      • Home Décor
      • Kitchen
      • Mugs
    • Glass Ornaments
    • Magnets
    • Miscellaneous
    • Norval Morrisseau Designs
  • Support
    • Volunteering
    • Memberships
    • Donor Wall
  • About Us
    • Strategic Plan
    • Annual Report
    • Services
    • Our Mission
    • Collections Policy
    • Newsletter
    • Employment Opportunities
    • Staff & Board
  • Mailing List
  • Mining Map
  • Donate Now
  • Woodland-Art
  • Mural Project Survey Teachers