Goldcorp's 2011 Annual Report and Other Documents Now Available
March 28 2012 - 9:36AM
PR Newswire (Canada)
Toronto Stock Exchange:
G
New York Stock Exchange: GG VANCOUVER, March 30, 2012 /CNW/ -
GOLDCORP INC. announced that its 2011 Annual Report is now
available on SEDAR, EDGAR, and its website at www.goldcorp.com. In
addition, Goldcorp's Annual Information Form and Form 40-F report
have been filed on EDGAR and SEDAR, respectively.
Furthermore, a new National Instrument 43-101 technical
report has been filed for each of Goldcorp's Éléonore Project and
Pueblo Viejo Project (40%). There are no material differences
between the mineral reserve and mineral resource estimates
contained in Goldcorp's news release dated February 15, 2012
pertaining to these projects, from those contained in the new
technical reports filed. Goldcorp management believes the potential
exists to significantly expand the gold resource at Éléonore, and
further believes in the potential to double the plant throughput to
7,000 tonnes per day utilizing a dual shaft concept, contributing
to an average of more than 600,000 ounces of gold production per
year over an approximate 15-year mine life. The total initial
capital cost of this plan is estimated at approximately $1.4
billion. The Company continues to advance construction of the 7,000
tonne-per-day mine, with the exploration shaft reaching a depth of
690 metres and exploration ramp reaching an extent of over 1,000
metres. Surface preparation is underway on the second
production shaft and plant construction is expected to commence
during the second quarter. The technical report on the Pueblo Viejo
joint venture includes gold production expectations to Goldcorp's
account of 415,000 to 450,000 ounces per year in the first five
years of operation. Shareholders may request a hard copy of
Goldcorp's audited financial statements, free of charge, by calling
800 567 6223 (toll free) or 416 643 5500, for calls outside of
Canada and the US, or email your request to info@goldcorp.com.
Goldcorp is one of the world's fastest growing senior gold
producers. Its low-cost gold production is located in safe
jurisdictions in the Americas and remains 100% unhedged. Cautionary
Note Regarding Forward-Looking Statements This press release
contains "forward-looking statements", within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities legislation, concerning the
business, operations and financial performance and condition of
Goldcorp Inc. ("Goldcorp"). Forward-looking statements include, but
are not limited to, statements with respect to the future price of
gold, silver, copper, lead and zinc, the estimation of mineral
reserves and resources, the realization of mineral reserve
estimates, the timing and amount of estimated future production,
costs of production, capital expenditures, costs and timing of the
development of new deposits, success of exploration activities,
permitting time lines, hedging practices, currency exchange rate
fluctuations, requirements for additional capital, government
regulation of mining operations, environmental risks, unanticipated
reclamation expenses, timing and possible outcome of pending
litigation, title disputes or claims and limitations on insurance
coverage. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as
"plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", "believes" or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved" or the negative
connotation thereof. Forward-looking statements are made based upon
certain assumptions and other important factors that, if untrue,
could cause the actual results, performances or achievements of
Goldcorp to be materially different from future results,
performances or achievements expressed or implied by such
statements. Such statements and information are based on
numerous assumptions regarding present and future business
strategies and the environment in which Goldcorp will operate in
the future, including the price of gold, anticipated costs and
ability to achieve goals. Certain important factors that could
cause actual results, performances or achievements to differ
materially from those in the forward-looking statements include,
amongs others, gold price volatility, discrepancies between actual
and estimated production, mineral reserves and resources and
metallurgical recoveries, mining operational and development risks,
litigation risks, regulatory restrictions (including environmental
regulatory restrictions and liability), activities by governmental
authorities (including changes in taxation), currency fluctuations,
the speculative nature of gold exploration, the global economic
climate, dilution, share price volatility, competition, loss of key
employees, additional funding requirements and defective title to
mineral claims or property. Although Goldcorp has attempted
to identify important factors that could cause actual actions,
events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. Forward-looking statements are subject to known and
unknown risks, uncertainties and other important factors that may
cause the actual results, level of activity, performance or
achievements of Goldcorp to be materially different from those
expressed or implied by such forward-looking statements, including
but not limited to: risks related to the integration of
acquisitions; risks related to international operations, including
economical and political instability in foreign jurisdictions in
which Goldcorp operates; risks related to current global financial
conditions; risks related to joint venture operations; actual
results of current exploration activities; environmental risks;
future prices of gold, silver, copper, lead and zinc; possible
variations in ore reserves, grade or recovery rates; mine
development and operating risks; accidents, labour disputes and
other risks of the mining industry; delays in obtaining
governmental approvals or financing or in the completion of
development or construction activities; risks related to
indebtedness and the service of such indebtedness, as well as those
factors discussed in the section entitled "Description of the
Business - Risk Factors" in Goldcorp's annual information form for
the year ended December 31, 2011 available at www.sedar.com.
Although Goldcorp has attempted to identify important factors that
could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements. Forward-looking statements are
made as of the date hereof and accordingly are subject to change
after such date. Except as otherwise indicated by Goldcorp,
these statements do not reflect the potential impact of any
non-recurring or other special items or of any dispositions,
monetizations, mergers, acquisitions, other business combinations
or other transactions that may be announced or that may occur after
the date hereof. Forward-looking statements are provided for
the purpose of providing information about management's current
expectations and plans and allowing investors and others to get a
better understanding of our operating environment. Goldcorp does
not undertake to update any forward-looking statements that are
included in this document, except in accordance with applicable
securities laws. Goldcorp Inc. CONTACT: Jeff WilhoitVice President,
Investor RelationsGoldcorp Inc.Telephone: (604) 696-3074Fax: (604)
696-3001E-mail: info@goldcorp.comwebsite: www.goldcorp.com
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