Garofalo said the commercialisation process stemmed from pursuing the best technological solutions for each of its projects.

He shared his perspective on transformation and an insight into the company's progress for the "Mining Journal Global Leadership Report: Preparing for transformation" being published later this month.

"We have a robust technical services team and technological team; we have 200 scientists with PhDs in metallurgy and geology, etc, across the organisation," he explained.

"We are starting to marshal that scientific brain power and trying to commercialise the technology as quickly as possible."

He elaborated on the projects and the way Goldcorp measures its effectiveness at executing transformation in the wide-ranging interview.

The Vancouver-based company expects to produce 2.5 million ounces of gold this year at an all-in sustaining cost of about US$800 an ounce.

This is based on an interview with Goldcorp president and CEO David Garofalo as part of the ‘Mining Journal Global Leadership Report: Preparing for transformation', which will be published in late June. The report features around 20 in-depth interviews with the industry's leading mining executives and the results of our industry-wide survey focused on transformational influences (technology, stakeholder engagement etc) and the readiness of mining leaders to meet these challenges.